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Telco tumult: Simba acquisition of M1 collapses; Singtel shares slide as S’pore business weakens
Following the collapse of the sale, Keppel pushed back plans to divest M1 by one to two years. Read more at straitstimes.com. Read more at straitstimes.com.
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channelnewsasia.com
Singtel seeks clarity on participating in telco consolidation following failed M1-Simba deal
The telecommunications company also said it is open to a local partner taking a "meaningful minority stake" in its Australian subsidiary Optus.
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Simba's parent company terminates deal to acquire M1
Simba continues to cooperate with the Infocomm Media Development Authority's investigation into whether it had breached the Telecommunications Act, Tuas said.
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straitstimes.com
Simba-M1 merger is off, but industry consolidation will come
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.
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Telco tumult: Simba acquisition of M1 collapses; Singtel shares slide as S’pore business weakens
Following the collapse of the sale, Keppel pushed back plans to divest M1 by one to two years. Read more at straitstimes.com. Read more at straitstimes.com.
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malaymail.com
Simba’s planned takeover of M1 falls apart as Singtel flags weak domestic market
SINGAPORE, May 24 — A planned S$1.43 billion (RM4.43 billion) takeover of M1 by rival operator Simba has been scrapped, ending what would have been Singapore’s first major...