Australia's Tuas sinks to over 2-year low as Singapore body suspends key deal review

Keppel

18/05/2026 01:50

Updates

** Shares of Tuas TUA.AX plunges 44.3% to A$3.46, their lowest level since March 2024

** Shares on track for worst day on record

** Singapore's telco regulator  suspends the review for a deal between Tuas unit Simba Telecom and Keppel's KPLM.SI M1

** Regulator says Simba may have been using radio frequency bands that it was not authorised to use

** Citi says TUA shares will be under pressure as suspension introduces uncertainty on earnings outlook

** Stock down 55.9%, YTD, including movements in current session

(Reporting by Jasmeen Ara Shaikh & Rajasik Mukherjee in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))