News

Singapore's Keppel to sell M1 stake to Simba Telecom

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 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.
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.
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.
Keppel to sell M1 unit's telco business to Simba for $1.43b
Asset manager and operator Keppel said on Aug 11 it is selling the telecom business of its subsidiary M1 to rival Simba Telecom. The deal has an enterprise value — which includes cash and debts — of $1.
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.
CNA3d

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 ...

Singtel, Simba owner see positive share price action amid S’pore’s telco shake-up

StarHub and Keppel shares fell, with analysts forecasting more headwinds for the telco. Read more at straitstimes.com. Read ...
The Edge Singapore3d

Analysts see Simba-M1 deal easing telco price wars, benefitting StarHub and Singtel

Citi Research and HSBC Global Research believe Simba’s takeover of M1 could lift margins for StarHub and Singtel. StarHub may ...
CNA3d

The highs and lows of M1: From bright beginnings to delisting and proposed sale

M1 currently has 13.5 per cent of Singapore’s prepaid mobile market, 23.9 per cent of the postpaid mobile market and 15 per ...

Simba-M1 merger won’t immediately impact mobile plan prices: Analysts

SINGAPORE - Simba Telecom’s acquisition of rival M1 is expected to create a stronger competitor to Singtel and StarHub, but ...
The Edge Singapore1d

How Simba roared into Singapore’s mobile market

Simba has now vaulted from insurgent to full-spectrum competitor. It is now the apex predator of Singapore’s mobile ...

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

One view is that an enlarged Simba with its surprise takeover of M1 could lead to more intense competition. Read more at ...

Simba-M1 deal is S’pore’s first telco merger after years of liberalisation

SINGAPORE - Keppel will be selling the telecommunications business of its subsidiary M1 to rival Simba Telecom for $1.43 ...