Simba's parent company Tuas terminates deal to buy shares in M1
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SINGAPORE — Tuas Limited, the Australian-listed owner of telecommunication operator Simba, said on May 22 it has terminated its sale and purchase agreement to buy shares in another telco M1.The agreement to purchase M1, owned by Singapore-based asset manageSimba's parent company Tuas terminates deal to buy shares in M1
SINGAPORE — Tuas Limited, the Australian-listed owner of telecommunication operator Simba, said on May 22 it has terminated its sale and purchase agreement to buy shares in another telco M1.The agreement to purchase M1, owned by Singapore-based asset manager Keppel, was first announced on Aug 11, 2025.Under its terms, the agreement would be terminated if conditions were not fulfilled or waived before May 21, the long-stop date, the deadline by which an agreement can be terminated without a penalty, if conditions were not satisfied or waived.Simba continues to co-operate with the investigation being undertaken by Singapore's Infocomm Media Development Authority (IMDA) into potential breaches of the Telecommunications Act and the conditions of Simba's Facilities-Based Operator Licence, Tuas said in a statement released on the Australian Securities Exchange.Tuas will keep shareholders updated in relation to that investigation.In the meantime, Tuas said Simba will continue to operate its business in the Singapore telecommunications market. Read more








