September 24, 2018 / 12:44 AM / 3 months ago

Singapore's Keppel reviewing stake in teleco M1 Ltd

Sept 24 (Reuters) - Conglomerate Keppel Corporation Ltd said on Monday that along with media group Singapore Press 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 said in a separate statement that it had been approached by Keppel over its indirect stake in M1.

Reporting by Ambar Warrick in Bengaluru; Editing by Stephen Coates

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