Tuas scraps $1.11bn M1 deal after regulatory hurdle

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Tuas has terminated its planned $1.11bn acquisition of Singapore telecom operator M1 after key deal conditions were not met by the long-stop date. The collapse follows a regulatory pause from Singapore’s IMDA, which suspended its review over concerns about possible unauthorized spectrum use by Simba Telecom. Tuas’s subsidiary Simba had agreed to buy M1 from Keppel Konnect and Konnectivity under a Sale and Purchase Agreement signed in August 2025. The companies are now released from the agreement’s obligations except for surviving clauses, while Simba continues to cooperate with the investigation.

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