US EditionAustralian Billionaire David Teoh’s Simba Telecom To Buy Singapore’s M1 In Deal Valued At $1.1 Billion
SINGAPORE, AUG 11 – Keppel retains M1’s ICT assets including data centres and subsea cables while Simba Telecom’s $1.43 billion cash offer leads to a digital-first telco expected to boost Singapore’s digital economy.
- On August 11, 2025, Keppel announced it will sell its 83.9 percent stake in telecom subsidiary M1 to Simba Telecom for S$1.43 billion.
- Keppel founded M1 in 1994 to compete with Singtel and decided to divest amid competitive pressures and a strategic shift toward digital infrastructure.
- Simba Telecom, a Singapore-based operator under Australia-listed Tuas Limited led by billionaire David Teoh, made the strongest bid with a compelling all-cash offer.
- Keppel is set to obtain close to S$1 billion in cash from the sale, which is anticipated to incur an accounting loss of S$222 million but will enable the company to focus on its agile telecom operations driving Singapore’s digital economy.
- The transaction, subject to regulatory approval and expected to complete in a few months, aims to consolidate the telco market and enhance 5G and digital investments via synergy between M1 and Simba.
12 Articles
12 Articles
Australian Billionaire David Teoh’s Simba Telecom To Buy Singapore’s M1 In Deal Valued At $1.1 Billion
Keppel said it has agreed to sell its 83.9% stake in Singapore-based mobile carrier M1 to Simba Telecom for almost S$1 billion ($779 million). It will retain M1's digital infrastructure business.
Keppel to cash in nearly S$1 billion from proposed sale of M1’s telco business to Simba
SINGAPORE: Keppel Ltd has announced plans to sell a major portion of its telecommunications unit, M1, to Simba Telecom in a deal expected to bring in close to S$1 billion in cash proceeds. M1 is one of Singapore’s major telecommunications providers while Simba is a newer telecommunications operator which operates the TPG Telecom brand in […]
Simba Telecom strikes deal to buy Singapore rival
Simba Telecom entered an agreement to buy M1 Group’s telecoms business for an enterprise value of SGD1.4 billion ($1.1 billion), a move which would cut the number of large mobile players in the market to three. In its statement M1’s majority shareholder Keppel explained the deal excluded assets from the operator’s ICT business, which includes data centres and subsea cables. Keppel stated Simba had “put forward the strongest bid from among intere…
Simba to buy part of M1’s telco biz for S$1.43B, eyes 38.3% of S’pore’s postpaid mobile market
Asset manager Keppel Ltd said on Monday (Aug 11) it will sell the telecom operations of its subsidiary M1 to Simba Telecom for an enterprise value of S$1.43 billion. The transaction is expected to be completed over the next few months, subject to regulatory approval by Singapore’s Infocomm Media Development Authority (IMDA). If completed, this will represent the first-ever consolidation in Singapore’s telecommunications sector and increase Simba…
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