Keppel to sell M1 unit's telco business to Simba Telecom

Keppel

11/08/2025 01:15

Aug 11 (Reuters) - Singapore's Keppel KPLM.SI 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.

   ($1 = 1.2848 Singapore dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))