<p>【新加坡】信息通信媒体发展局（IMDA）于周一（5 月 18 日）宣布，已暂停对 M1 与 Simba 之间拟议合并的评估，直至另行通知。</p>
<p>IMDA 表示，在审查进行期间，它了解到 Simba 可能使用了未分配给该电信公司的无线频率带来提供移动服务。</p>
<p>“这将构成对频谱的未经授权使用，违反了 1999 年《电信法》和 Simba 的设施基础运营许可证的条件，” IMDA 表示。</p>
<p>该机构补充说，它正在调查此事，并 “如果确认，将采取适当的执法行动”。</p>
<p>“由于调查结果可能对 IMDA 对拟议合并的评估产生重要影响，IMDA 决定在调查结束之前暂停对拟议合并的审查。”</p>
<p>IMDA 指出，该机构一直在根据电信和媒体竞争法典中设定的框架评估拟议交易。</p>
<h3>在新的全球秩序中导航亚洲</h3>
<p>将洞察力送到您的邮箱。</p>
<p>这涉及评估合并是否会 “显著减少竞争或引发公众利益关注”。</p>
<p>这还包括确保关键电信基础设施的运营符合在网络安全风险加剧的环境中所需的严格网络安全要求。</p>
<p>“由于 M1（收购目标）在新加坡运营大型移动和宽带网络，因此评估必然是详细和全面的，” IMDA 表示。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/75e83964cf805d436d9b37e667dfa7602d9bc0087c42df023c93d7b547c414b9/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/75e83964cf805d436d9b37e667dfa7602d9bc0087c42df023c93d7b547c414b9/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>吉宝与 Simba 电信同意延长拟议 M1 交易的最后期限</h3>
<p>对此公告，吉宝在 2025 年 8 月提出以 143 亿新元的企业价值将 M1 的电信业务出售给 Simba 的提议表示 “尊重其决定”。</p>
<p>“在等待 IMDA 评估结果的同时，我们也在制定 B 计划，以防吉宝保留 M1 的多数股权，我们现在将开始执行，” 吉宝在周一的声明中表示。</p>
<p>这家资产管理公司表示，其打算专注于 “提升 M1 的效率，以改善其运营 EBITDA，通过调整公司规模和降低成本，而不影响客户体验”。</p>
<p>这也是为了应对新加坡电信行业面临的 “重大挑战”，它补充道。</p>
<p>吉宝表示，将立即启动一项为期 90 天的计划，以推动 M1 的效率。</p>
<p>该计划包括降低技术平台成本和网络成本，利用人工智能进行自动化，以及产品合理化。更多细节将在吉宝 2026 年上半年业绩公告中分享。</p>
<p>“即使在推动 M1 的效率时，我们相信新加坡的电信行业需要并将受益于合并，吉宝仍然对剥离机会持开放态度，” 该资产管理公司表示。</p>
<p>虽然在 2026 年实现 20 亿至 30 亿新元的非核心资产变现的目标 “保持不变”，吉宝表示，拟议剥离吉宝在 M1 电信业务中的股份将从其宣布的 2025 年变现计划中移除。</p>
<p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯。送到您的邮箱。免费。</p>

吉宝企业

<p>信息通信媒体发展局（IMDA）已暂停对拟议的 M1-Simba 合并的评估，原因是对 Simba 未经授权使用无线电频段的担忧。调查将确定这一违反《电信法》的行为是否会影响合并的批准。提出收购的吉宝企业正在制定应急计划，以提高 M1 的效率，同时等待 IMDA 审查的结果</p>

<p>[SINGAPORE] The Infocomm Media Development Authority (IMDA) announced on Monday (May 18) that it has suspended its assessment of the proposed consolidation between M1 and Simba until further notice.</p>
<div class="lb-trans"><p>【新加坡】信息通信媒体发展局（IMDA）于周一（5 月 18 日）宣布，已暂停对 M1 与 Simba 之间拟议合并的评估，直至另行通知。</p>
</div><p>The IMDA said that while the review was in progress, it learnt that Simba could have been using radio frequency bands that were not assigned to the telco to provide mobile services.</p>
<div class="lb-trans"><p>IMDA 表示，在审查进行期间，它了解到 Simba 可能使用了未分配给该电信公司的无线频率带来提供移动服务。</p>
</div><p>“This would constitute unauthorised use of frequency spectrum, which is a breach of the Telecommunications Act 1999 and the conditions of Simba’s Facilities Based Operations Licence,” IMDA said.</p>
<div class="lb-trans"><p>“这将构成对频谱的未经授权使用，违反了 1999 年《电信法》和 Simba 的设施基础运营许可证的条件，” IMDA 表示。</p>
</div><p>The authority added that it is investigating the matter and “will take the appropriate enforcement actions if it is established”.</p>
<div class="lb-trans"><p>该机构补充说，它正在调查此事，并 “如果确认，将采取适当的执法行动”。</p>
</div><p>“As the investigation findings may be material to IMDA’s assessment of the proposed consolidation, IMDA has decided to suspend its review of the proposed consolidation until the investigation has been concluded.”</p>
<div class="lb-trans"><p>“由于调查结果可能对 IMDA 对拟议合并的评估产生重要影响，IMDA 决定在调查结束之前暂停对拟议合并的审查。”</p>
</div><p>The authority has been assessing the proposed deal according to the framework set out in the Telecom and Media Competition Code, IMDA noted.</p>
<div class="lb-trans"><p>IMDA 指出，该机构一直在根据电信和媒体竞争法典中设定的框架评估拟议交易。</p>
</div><h3>Navigate Asia in  a new global order</h3>
<div class="lb-trans"><h3>在新的全球秩序中导航亚洲</h3>
</div><p>Get the insights delivered to your inbox.</p>
<div class="lb-trans"><p>将洞察力送到您的邮箱。</p>
</div><p>This entails evaluating whether the consolidation would “significantly lessen competition or raise public interest concerns”.</p>
<div class="lb-trans"><p>这涉及评估合并是否会 “显著减少竞争或引发公众利益关注”。</p>
</div><p>It also includes ensuring that the operation of critical telecommunications infrastructure meets the stringent cybersecurity requirements necessary in a heightened cyber risk landscape.</p>
<div class="lb-trans"><p>这还包括确保关键电信基础设施的运营符合在网络安全风险加剧的环境中所需的严格网络安全要求。</p>
</div><p>“Since M1 (the target of the acquisition) operates large mobile and broadband networks in Singapore, the assessment has necessarily been detailed and thorough,” said IMDA.</p>
<div class="lb-trans"><p>“由于 M1（收购目标）在新加坡运营大型移动和宽带网络，因此评估必然是详细和全面的，” IMDA 表示。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另见</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/75e83964cf805d436d9b37e667dfa7602d9bc0087c42df023c93d7b547c414b9/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/75e83964cf805d436d9b37e667dfa7602d9bc0087c42df023c93d7b547c414b9?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Keppel, Simba Telecom agree to extend long-stop date for proposed M1 deal</h3>
<div class="lb-trans"><h3>吉宝与 Simba 电信同意延长拟议 M1 交易的最后期限</h3>
</div><p>In response to the announcement, Keppel which in August 2025, proposed to sell M1’s telco business to Simba at S$1.43 billion enterprise value in an all-cash deal, said that it “respect its decision”.</p>
<div class="lb-trans"><p>对此公告，吉宝在 2025 年 8 月提出以 143 亿新元的企业价值将 M1 的电信业务出售给 Simba 的提议表示 “尊重其决定”。</p>
</div><p>“While awaiting the outcome of IMDA’s assessment, we have also been working on a Plan B, in case Keppel retains majority ownership of M1, which we will now start executing,” said Keppel in a statement on Monday.</p>
<div class="lb-trans"><p>“在等待 IMDA 评估结果的同时，我们也在制定 B 计划，以防吉宝保留 M1 的多数股权，我们现在将开始执行，” 吉宝在周一的声明中表示。</p>
</div><p>The asset manager said it intends to focus on “enhancing M1’s efficiency to improve its run rate EBITDA, through rightsizing the company and reducing costs, without adversely affecting customer experience”.</p>
<div class="lb-trans"><p>这家资产管理公司表示，其打算专注于 “提升 M1 的效率，以改善其运营 EBITDA，通过调整公司规模和降低成本，而不影响客户体验”。</p>
</div><p>This is in response to the “significant challenges” plaguing the telecommunication industry in Singapore, it added.</p>
<div class="lb-trans"><p>这也是为了应对新加坡电信行业面临的 “重大挑战”，它补充道。</p>
</div><p>A 90-day plan to drive M1’s efficiency will be activated “with immediate effect”, said Keppel.</p>
<div class="lb-trans"><p>吉宝表示，将立即启动一项为期 90 天的计划，以推动 M1 的效率。</p>
</div><p>This plan includes reducing technology platform costs and network costs, using Artificial Intelligence for automation, as well as product rationalisation. More details are to be shared during Keppel’s H1 2026 results announcement.</p>
<div class="lb-trans"><p>该计划包括降低技术平台成本和网络成本，利用人工智能进行自动化，以及产品合理化。更多细节将在吉宝 2026 年上半年业绩公告中分享。</p>
</div><p>“Even as we undertake the efficiency drive at M1, we believe that the telecommunication industry in Singapore needs and will benefit from consolidation and Keppel remains open to opportunities for divestment,” the asset manager said.</p>
<div class="lb-trans"><p>“即使在推动 M1 的效率时，我们相信新加坡的电信行业需要并将受益于合并，吉宝仍然对剥离机会持开放态度，” 该资产管理公司表示。</p>
</div><p>While the target to monetise S$2-S$3 billion of non-core assets in 2026 “remains unchanged”, Keppel said that the proposed divestment of Keppel’s stake in M1’s telecommunication business will be removed from its announced monetisation for 2025.</p>
<div class="lb-trans"><p>虽然在 2026 年实现 20 亿至 30 亿新元的非核心资产变现的目标 “保持不变”，吉宝表示，拟议剥离吉宝在 M1 电信业务中的股份将从其宣布的 2025 年变现计划中移除。</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯。送到您的邮箱。免费。</p>
</div>

IMDA 暂停对拟议的 M1-Simba 合并的评估，等待频谱使用调查结果