Industrial Conglomerates

Keppel

IMDA Halts Review, Jeopardizing Keppel's Sale of M1 to Simba Deal

Keppel launches 90-day efficiency plan for M1, targets S$2-3 billion asset divestment by 2026

Keppel Enterprise and Telstra International Sign 25-Year Usage Rights Agreement for Bifrost Subsea Cable

Keppel Corporation's Net Profit Rises 39% to S$1.1B in FY2025

Lim & Tan and Phillip Maintain a Buy Rating on Keppel Corporation

Keppel Ltd. Records Lower First Quarter Profit for 2026 Fiscal Year

Temasek sold 430,400 shares of Keppel Corporation

Singtel, OCBC, and Keppel repurchase significant shares in Q1

Keppel to Release FY2026 Q1 Earnings on April 23 Pre-Market SGT

Keppel Warns of Secondary Middle East Conflict Risks and Announces Future Goals

Keppel Corporation repurchased shares worth nearly 5 million SGD

Keppel Corp Extends Final Deadline for M1 Sale to Simba Telecom to May 21, 2026

Keppel Corporation Repurchased 300,000 Shares on SGX

Keppel Corporation Repurchased 50,000 Shares as Treasury Stock

Keppel Corporation Repurchased 200,000 Shares

Keppel Enterprises Repurchased 300,000 Shares

Keppel Corporation repurchases 500,000 shares

Keppel Enterprises Repurchased 200,000 Shares

Keppel Corporation Repurchased Shares Worth 2.5 Million SGD

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Abundance

Autagco

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Teho

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Acesian Partners

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The proposed merger between M1 and Simba Telecom is on hold due to allegations that Simba may have used unauthorized radio frequency bands, potentially violating Singapore’s Telecommunications Act 1999. The Infocomm Media Development Authority (IMDA) stated that such breaches could lead to enforcement actions, including financial penalties. Keppel, which planned to sell M1 to Simba, will allow the agreement to lapse and focus on restructuring M1 for cost reduction.

Businesstimes News

StarHub

Keppel Reit

M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?

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.

Keppel shares fall as much as 4.7% after M1-Simba deal delayed again

Analysts suggest StarHub may be the leading candidate to acquire M1 following the suspension of its merger with Simba. The Infocomm Media Development Authority halted the merger due to potential regulatory issues with Simba. Keppel's shares fell significantly, and analysts downgraded their outlook on the company. StarHub's interest in M1 could reignite, as it aims to strengthen its market position. Keppel plans to restructure M1 to enhance its value before a potential sale, with analysts optimistic about M1's future despite the merger setback.

Tuas Ltd.

Analysts tip StarHub as ‘obvious’ front runner for M1 after Simba merger stalls

Keppel will let its sale agreement with Simba lapse on May 21 after the IMDA suspended its review due to a potential regulatory breach by Simba. Keppel's CEO stated there are no plans to extend the deadline or pursue legal costs against Tuas, the owner of Simba. While Keppel remains open to future offers for M1, the current focus is on improving its efficiency and reducing costs. Keppel's shares fell over 4% following the news, while Simba's parent company saw a 60% drop in share price.

Keppel to let M1-Simba deal to lapse on May 21 deadline after IMDA suspends review

The Infocomm Media Development Authority (IMDA) has suspended its assessment of the proposed M1-Simba merger due to concerns over unauthorized use of radio frequency bands by Simba. The investigation will determine if this breach of the Telecommunications Act affects the merger's approval. Keppel, which proposed the acquisition, is preparing a contingency plan to enhance M1's efficiency while awaiting the outcome of the IMDA's review.

IMDA halts assessment of proposed M1-Simba merger pending probe into spectrum usage

Keppel(BN4.SG)

M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?

Keppel shares fall as much as 4.7% after M1-Simba deal delayed again

Analysts tip StarHub as ‘obvious’ front runner for M1 after Simba merger stalls

Keppel to let M1-Simba deal to lapse on May 21 deadline after IMDA suspends review

IMDA halts assessment of proposed M1-Simba merger pending probe into spectrum usage