Overview
- IMDA, which disclosed the issue Monday, suspended its merger review and began investigating whether Simba used radio frequency bands it was not assigned.
- Keppel said the sale agreement will expire on Thursday, the May 21 long-stop date set for closing, with no plan to extend.
- Keppel launched a 90-day plan at M1 to cut network and tech costs and use AI to automate tasks in order to lift earnings without hurting service.
- Investors sold Tuas and Keppel following Monday’s announcement, driving Tuas down about 60 percent and Keppel down several percent.
- IMDA said any unassigned spectrum use would breach the Telecommunications Act and licence terms, and its findings will determine if the review resumes and whether it takes enforcement action.