Keppel shares fall as much as 4.7% after M1-Simba deal delayed again
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Keppel shares dropped by 4.7% to S$10.10 following another delay in the M1-Simba deal, erasing over S$900 million in market capitalization. The Infocomm Media Development Authority has paused its assessment of the deal due to concerns over Simba's use of unauthorized radio frequency bands. This follows a previous decline in January related to an extension of the deal's timeline.
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