Keppel currently holds an 83.9% stake in M1 and expects to receive close to S$1 billion in cash proceeds from the deal.

Keppel Ltd (Keppel) is divesting M1’s telco business to Simba Telecom for an enterprise value of S$1.43 billion in an all-cash deal.

Keppel will receive close to S$1.0 billion in cash proceeds for its 83.9% effective stake in M1, while retaining M1’s ...

Singapore’s telecommunications sector is seeing a fresh wave of consolidation, with StarHub completing its S$105.2 million ...

Global asset manager Keppel has entered into a share purchase agreement to divest its subsidiary M1’s telco business to ...

Singapore-based Keppel is selling M1’s telecom business to rival Simba Telecom for $1.43 billion, marking the first major ...

GMT - Keppel Ltd.'s proposed sale of M1's telecommunications business is likely to be positive for the Singapore-listed asset manager, Citi analysts Brandon Lee and Arthur Pineda say in a note. The ...

TPG Telecom spinout Tuas has raised $385 million through an institutional placement that was launched to help fund its proposed $1.7 billion takeover of Singaporean telecommunications company M1 from ...

Singapore's Keppel is selling its 83.9% stake in subsidiary M1 Ltd to Simba Telecom while retaining the non-telecoms ...

TPG Telecom spin-off Tuas has entered a trading halt this morning, after confirming that it is undertaking a capital raise to ...

Speculation had centred on StarHub instead of Simba as the likely buyer until the announcement. Read more at straitstimes.com ...