Telcos

Singtel seeks clarity on participating in telco consolidation after M1-Simba fallout; weighs Reit IPO

A Reit IPO is a possible capital-recycling option available to the group, says Singtel group CFO

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

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

In March, Singtel had three network failures that impacted hundreds of thousands of users.

IMDA reviewing resilience regulations in wake of Singtel disruptions

No evidence of cyberattacks but the authority does not rule out that three outage incidents at the telco were related in some way

Figures from local telcos point to rising data consumption, in line with growing AI adoption.

Singapore’s AI ambitions put telcos to the test, raise ‘dumb pipe’ risk

Singtel outage highlights strain on infrastructure and returns as data demand outpaces monetisation

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