Keppel to sell M1's telco business to Simba for S$1.43 billion
Tehnologie
Keppel said operator Simba had submitted the strongest bid among interested parties. SINGAPORE: Asset manager Keppel said on Monday (Aug 11) it will sell M1's telecom operations to operator Simba Telecom for an enterprise value of S$1.43 billion (US$1.11 billion). Keppel will receive S$1 billion in cash proceeds for its 83.9 per cent stake in its subsidiary M1 Limited. It will retain the fast-growing information and communications technology business, which also includes data centres and subsea
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