News

M1, Keppel

Simba-M1 deal is S’pore’s first telco merger after years of liberalisation
Here’s a recap of the changes in the telco landscape over the years. Read more at straitstimes.com. Read more at straitstimes.com.
Keppel Divests M1 Telco Business in S$1.43 Billion Deal, Focuses on Digital Infrastructure
Keppel will receive close to S$1.0 billion in cash proceeds for its 83.9% effective stake in M1, while retaining M1’s fast-growing ICT business which complements Keppel’s integrated connectivity business, including data centres and subsea cables. The transaction represents an attractive implied valuation of 7.3x EV/EBITDA.
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.
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 Singapore Telco Operator for S$1.43 Billion
Conglomerate Keppel Corp. plans to sell its entire stake in Singapore telecom company M1 for an enterprise value of 1.43 billion Singapore dollars, equivalent to US$1.11 billion. Keppel said Monday that it is selling its 83.
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.
CNA10h

Simba's acquisition of M1 may drive down mobile plan prices, analysts say

Simba is known for its low-cost, high-data mobile plans and this could pressure other telcos to cut their prices, one analyst ...

ST Explains: Who owns Simba, the company that is buying M1?

Simba, previously known as TPG Singapore, became the Republic's fourth telco in 2016. Read more at straitstimes.com. Read ...
The Business Times3h

Telco wars: a timeline from a crowded market to consolidations

SINGAPORE] Developments of telecommunications companies consolidating dominated this week, after many years of speculation.
CNA6h

CNA938 Rewind - Telco shake-up: Simba buys M1 mobile, StarHub fully acquires MyRepublic

Singapore-based Keppel is selling M1’s telecom business to rival Simba Telecom for $1.43 billion, marking the first major ...
Malay Mail on MSN2h

StarHub seals S$105m MyRepublic buyout as Keppel strikes S$1.43b M1 deal with Simba in telco shake-up

Singapore’s telecommunications sector is seeing a fresh wave of consolidation, with StarHub completing its S$105.2 million ...
AsiaOne6h

StarHub buys rest of MyRepublic's broadband business in $105m deal; comes after Simba buys M1

StarHub announced on Aug 12 that it has taken full ownership of MyRepublic's broadband business, in the second act of a ...
The Edge Singapore22h

As New Keppel pivots to global asset manager, its pro forma EPS falls due to M1 sale

Despite M1 impacting Keppel's pro forma EPS negatively, proceeds can be deployed to new funds and/ or dividends enhancing ...