19/05/2026
The authorities have suspended their review of Simba Telecom’s $1.43 billion bid for the telecommunications business of M1 amid a probe into an alleged .
On May 18, the Infocomm Media Development Authority (IMDA) said it is investigating allegations that Simba could have been using certain radio frequency bands to provide mobile services without authorisation.
“As the investigation findings may be material to IMDA’s assessment... IMDA has decided to suspend its review of the proposed consolidation until the investigation has been concluded,” it said in a statement.
Singapore-based asset manager Keppel first announced its intention to sell the telecoms business of its subsidiary M1 to rival Simba Telecom in August 2025, in what would be the first telco consolidation in the Republic’s history. Simba is owned by Australia-listed firm Tuas.
Since then, IMDA has been evaluating whether the consolidation would significantly lessen competition or raise public interest concerns. The review also includes ensuring that the operation of critical telecoms infrastructure meets the stringent cybersecurity requirements necessary in a heightened cyber-risk landscape.
“Since M1 operates large mobile and broadband networks in Singapore, the assessment has necessarily been detailed and thorough,” IMDA said in its May 18 statement.
Using radio frequencies without authorisation is a breach of the Telecommunications Act and the conditions of Simba’s facilities-based operations licence, said the authority, adding that it will take enforcement action if necessary. If found guilty, Simba could be fined up to $1 million or up to 10 per cent of its annual turnover.
In a May 18 statement on the Australian Securities Exchange, Tuas said its board would review Simba’s alleged use of radio frequency bands.
“At this time, discussions with the counterparties to the share purchase agreement are ongoing. Tuas will keep the market advised as developments occur,” it said.
