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Singapore's Keppel to sell M1 stake to Simba Telecom

Reuters on MSN · 2d

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.

Techgoondu · 32m

How Simba can buy over larger rival M1 and what it means for Singapore telcos

Simba, or its parent Tuas, is taking on debt to take over larger rival M1 in an already-tough market. It won't have an easy ride.

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).

18h

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 ...

The Business Times5h

StarHub can benefit from consolidation, Singtel to a more ‘limited extent,’ analysts say

SINGAPORE] Recent surprise acquisitions in Singapore’s telecommunications space may have raised eyebrows, but analysts see ...

Marketing-Interactive2h

StarHub takes full ownership of MyRepublic Broadband in Singapore

StarHub has completed its acquisition of the remaining 49.9% stake in MyRepublic Broadband, making the latter a wholly-owned ...

The Edge Singapore8h

RHB sees under 5% earnings boost from StarHub’s MyRepublic buy

RHB analysts call deal a tactical response to Simba-M1 tie-up, with limited profit impact even though it strengthens ...

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