StarHub, Keppel confirm talks over potential M1 deal
Keppel says the discussions are part of its efforts to explore consolidation opportunities for M1
[SINGAPORE] StarHub and Keppel have confirmed that they are in talks over a potential deal involving M1, in the latest push towards consolidation in Singapore’s telecommunications sector.
In response to an earlier report by The Business Times, both companies said in separate bourse filings on Wednesday (Sep 23) that discussions are ongoing and that there is no certainty a transaction would materialise.
Keppel said it continues to explore consolidation opportunities involving M1, as it believes consolidation “is needed for Singapore’s telco sector”.