Simba to acquire an 83.9% stake in M1's telco business from Keppel in an over SGD1bn deal.

Simba, a Singaporean telecommunications company, agreed to acquire an 83.9% stake in M1's telco business, from Keppel, an investment holding and management company, in an over SGD1bn deal. “M1 and Simba are a highly synergistic combination — together, they can scale more efficiently, optimise infrastructure, and accelerate 5G and digital investments, greatly enhancing service quality while contributing to a more resilient, future-ready telco industry," Loh Chin Hua, Keppel CEO.