Australia's Tuas slips to over 2-year low as Singapore regulator suspends review for Simba-M1 deal

Tuas

18/05/2026 01:34

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

** 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

** Shares on track for worst day on record, if moves hold

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

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

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