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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...
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channelnewsasia.com
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.
