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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.
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.
ASX-listed parent of Simba Telecom acquires M1’s telco business for $1.43 bil
The deal excludes M1’s information and communications technology businesses. Keppel will receive close to $1.0 billion in cash proceeds for its 83.9% effective stake in M1.
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.
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.
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.
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.
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Telco price undercutting expected to subside after sale of M1 to Simba: Analysts

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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 ...