AsiaOne
SINGAPORE — Asset manager and operator Keppel said on Aug 11 it is selling the telecom business of its subsidiary M1 to rival Simba Telecom. The deal has an enterprise value — which includes cash and debts — of $1.43 billion, subject to post-completion adjustments. Keppel will receive nearly $1 billion in cash proceeds for
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Keppel to sell M1 unit’s telco business to Simba for $1.43b, Money News
Dion Klemp
04:20
SINGAPORE — Asset manager and operator Keppel said on Aug 11 it is selling the telecom business of its subsidiary M1 to rival Simba Telecom. The deal has an enterprise value — which includes cash and debts — of $1.43 billion, subject to post-completion adjustments. Keppel will receive nearly $1 billion in cash proceeds for
