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Keppel to sell M1 unit's telco business to Simba Telecom
https://www.reuters.com/en/keppel-sell-m1-units-telco-business-simba-telecom-2025-08-11/Aug 11 (Reuters) - Singapore's Keppel said on Monday that it will sell the telecom business of subsidiary M1 Ltd to local company Simba Telecom, in a deal valuing the firm at S$1.43 billion ($1.11 billion), including debt.
Keppel will receive near S$1 billion in cash for its 83.9% effective stake in M1. It will retain the fast growing information and communications technology business, which also includes data centres and subsea cables.