Keppel reviewing stake in telco M1 Ltd

Keppel reviewing stake in telco M1 Ltd

Conglomerate Keppel Corporation Ltd said on Monday (Sep 24) that along with media group Singapore Press Holdings it was considering a transaction related to its holdings in communication provider M1 Ltd. Brandon Tanoto reports. 

SINGAPORE: Conglomerate Keppel Corporation Ltd said on Monday (Sep 24) that along with media group Singapore Press Holdings it was considering a transaction related to its holdings in communication provider M1 Ltd.

Keppel also said in an announcement that it was considering a transaction regarding its stake in Keppel Telecommunications & Transportation.

M1's largest shareholders, which also include Malaysia's Axiata Group, had considered but eventually called off a strategic review of their holdings in the telecommunication provider last year, saying parties interested in buying those stakes did not meet certain criteria.

Singapore Press Holdings said in a separate statement that it had been approached by Keppel over its indirect stake in M1.

Source: Reuters

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