Meijin Energy, China Broadband vie for M1

Hong Kong

A COAL producer based in China's Shanxi province and China Broadband Capital are among bidders for US$1.4 billion Singapore wireless carrier M1 Ltd, according to people with knowledge of the matter.

Shanxi Meijin Energy Co and China Broadband have separately submitted first-round offers, said the sources, who asked not to be identified because the discussions are confidential. Bahrain Telecommunications Co and private equity funds have also made non-binding bids, they said.