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Singapore's Keppel to sell M1 stake to Simba Telecom

Singapore's Keppel to sell M1 stake to Simba Telecom for a net $778 million
Singapore's Keppel is selling its 83.9% stake in subsidiary M1 Ltd to Simba Telecom while retaining the non-telecoms operations of its unit in a deal that will give the asset manager net cash of S$1 billion ($778.
Keppel to sell M1’s telco business to Simba for $1.43b, says deal expected to benefit consumers
Speculation had centred on StarHub instead of Simba as the likely buyer until the announcement. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore’s Keppel Divesting S$1.4 Billion M1 Telco at Loss
Singapore’s Keppel Ltd. is looking to divest its interest in one of the country’s major telecommunication providers for an estimated S$222 million ($173 million) accounting loss, as it seeks to ramp up a drive to offload legacy assets.
Keppel to sell M1's telco business to Simba for S$1.43 billion
SINGAPORE: Asset manager Keppel said on Monday (Aug 11) it will sell M1's telecom operations to operator Simba Telecom for an enterprise value of S$1.43 billion (US$1.11 billion).
Keppel to gain $778 million from sale of 83.9% stake in M1's telecom business
Singapore's Keppel said on Monday it would receive net cash of S$1 billion ($778.15 million) for its 83.9% stake in subsidiary M1 Ltd, as the asset manager sells the unit's telecom business to domestic operator Simba Telecom.
Asset Manager Keppel to Sell Singapore Telco Business -- Update
The Singapore-listed asset manager will sell its 83.9% stake in M1 to a unit of Tuas, a Australian-listed telecommunications company, according to Keppel Monday. The buyer, Simba Telecom, is Singapore's fourth fully licensed mobile network operator with full 4G and 5G spectrum rights.
Australian Billionaire David Teoh’s Simba Telecom To Buy Singapore’s M1 In Deal Valued At $1.1 Billion
Keppel said it has agreed to sell its 83.9% stake in Singapore-based mobile carrier M1 to Simba Telecom for almost S$1 billion ($779 million). It will retain M1's digital infrastructure business.
Keppel to sell M1 unit's telco business to Simba Telecom
Singapore's Keppel said on Monday that it will sell the telecom business of subsidiary M1 Ltd to local company Simba Telecom, in a deal valuing the firm at S$1.43 billion ($1.11 billion), including debt.
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