Singapore's telecoms market won't consolidate just yet

The country’s telecommunications authority says Tuas’ mobile phone brand may have breached the law by using unapproved radio waves, sending its shares sharply lower.

The country’s telecommunications authority says Tuas’ mobile phone brand may have breached the law, causing its shares to plunge 63 per cent.

Keppel remains open to offers for M1 in the future, says chief executive officer Loh Chin Hua.

Keppel will seek new buyers for M1 as Simba's acquisition bid is set to lapse amid a regulatory probe into alleged breaches. Read more at straitstimes.com. Read more at…

Keppel will seek new buyers for M1 as Simba's acquisition bid is set to lapse amid a regulatory probe into alleged breaches. Read more at straitstimes.com. Read more at…

The failed M1-Simba merger signals further cost pressures for Singapore telcos and a setback for Keppel's strategy. Read more at straitstimes.com. Read more at straitstimes.com.

M1’s parent, Keppel said Monday that the proposed sale of M1, Singapore's third largest mobile carrier, to billionaire David Teoh's Simba Telecom will lapse on Thursday.

Singapore's telecoms market won't consolidate just yet

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.

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.