Consolidation is necessary for Singapore’s overcrowded telco market to prevent a destructive price war. Read more at straitstimes.com. Read more at straitstimes.com.

The telecommunications company also said it is open to a local partner taking a "meaningful minority stake" in its Australian subsidiary Optus.

Simba continues to cooperate with the Infocomm Media Development Authority's investigation into whether it had breached the Telecommunications Act, Tuas said.

Consolidation is necessary for Singapore’s overcrowded telco market to prevent a destructive price war. Read more at straitstimes.com. Read more at straitstimes.com.