M1

HOT STOCK

Keppel shares close 4.7% higher after M1-Simba deal falls through

Analysts are mixed on the counter after the news

Tuas Ltd says that Simba continues to cooperate with IMDA's investigation into the alleged spectrum breaches by the telco.

Keppel, Tuas confirm M1-Simba deal dead in the water

This comes after conditions for the transaction were not met by the extended long-stop date

Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable".

Singtel seeks clarity on taking part in telco consolidation; analysts note ‘very high bar’ for approval

Group also mulling Reit IPO to create ‘permanent capital pools’ for longer-term investments; comments come on heels of failed M1-Simba deal

Simba triggered a race to the bottom when it entered the market with aggressive price-war tactics.
HOCK LOCK SIEW

Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream

A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become

StarHub says that it “would not want to speculate beyond the information publicly available at this stage”.

Analysts tip StarHub as ‘obvious’ front runner for M1 after Simba merger stalls

The setback is expected to weigh on Keppel, which had planned to monetise M1 through the deal

Simba may have breached Singapore's Telecommunications Act, if authorities confirm it used unauthorised radio frequency bands.
BT EXPLAINS

M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?

Unassigned use may allow operators to gain an unfair advantage, IMDA says

Keppel has disclosed that there were “quite a few” suitors and “more than one” serious bidder for its M1 telco business before it signed the agreement with Simba.
COMMENTARY

Scuttled M1-Simba deal leaves investors with more questions than answers

How does a telco operator use airwaves that do not belong to it?

The proposed divestment of M1's telco business to Simba will be removed from Keppel's announced monetisation for 2025.
HOT STOCK

Keppel shares drop 2.1% after M1-Simba deal falls through

Shares of Simba parent Tuas Ltd are down over 60% on the ASX

Keppel's focus will be on executing a “Plan B” that it prepared in the event that it retains majority ownership of M1.

Keppel to let M1-Simba deal lapse; M1 to be restructured with focus on ‘rightsizing’

Group says the telco industry in Singapore is in need of consolidation and will benefit from it

Keppel and Simba announce an agreement to extend the long-stop date for their proposed M1 deal.
HOT STOCK

Keppel shares fall as much as 4.6% on M1-Simba deal delay

The counter drops as low as S$11.70 in early trading