Keppel Telecommunications & Transportation Ltd (KTEL.SI)
16 Aug 2017
KUALA LUMPUR, July 18 Malaysian telecommunications group Axiata Group Bhd has called off a strategic review of major shareholdings of Singapore unit M1 Ltd, saying parties interested in buying those stakes did not meet certain criteria.
SINGAPORE Singapore telecom firm M1 Ltd's three biggest shareholders, who own about 60 percent in the company, are evaluating selling their stakes, in the first recent sign of M&A activity in the local sector which is set to see increased competition.
* Singapore's telecom sector set to see increased competition (Recasts with statement from M1 shareholders; adds industry details)
BRIEF-Singapore Press Holdings clarifies on article "M1's shareholders said to explore sale of Singaporean operator"
* Refers to article published on Bloomberg news on 17 March entitled "M1's shareholders said to explore sale of Singaporean operator"
SINGAPORE, March 17 Singapore telecom firm M1 Ltd's three biggest shareholders are evaluating selling their combined stakes worth more than S$1.14 billion ($813.5 million) in the company, a source aware of the matter said on Friday, as the firm called for a trading halt.