News

Singapore's Keppel to sell M1 stake to Simba Telecom

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.
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 telecom business to Simba Telecom for $812m
Singaporean company Keppel has today announced plans to sell M1's telecom business to Simba Telecom for an enterprise value of S$1.43 billion (US$812 million). Keppel said the sale will help it to "sharpen" its focus on digital infrastructure instead, as the company pushes to become more "asset light."
S$1.4 billion sale of M1’s telco business to Simba ‘important’ despite S$222 million accounting loss: Keppel CEO
SINGAPORE] Keppel’s planned sale of M1’s telco business is expected to result in a S$222 million accounting loss, but the move is “important” for transforming into an asset-light company, said Keppel chief executive Loh Chin Hua.
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.

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Keppel Divests M1 Telco Business in S$1.43 Billion Deal, Focuses on Digital Infrastructure

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Singtel, StarHub shares fall after announcement of Keppel’s M1 sale

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