StarHub holds talks with Keppel over potential M1 deal

“There is no certainty or assurance” that any M1 deal will materialise, said Starhub and Keppel.

A Starhub shop and an M1 shop at Causeway Point in Woodlands, Singapore, on Aug 19, 2025. (File photos: CNA/Ooi Boon Keong)

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SINGAPORE: StarHub and Keppel confirmed on Wednesday (Sep 23) that they are in talks over a potential deal involving telecommunications company M1, months after a proposed acquisition of M1 by rival Simba fell through.

In separate bourse filings, both companies said discussions were ongoing, but added there was no certainty that any transaction will materialise.

StarHub said it was in discussions with Keppel “regarding a possible transaction in relation to M1 Limited”.

“There is no certainty or assurance whatsoever that these discussions will progress beyond the current stage or that any transaction in respect of M1 Limited will arise,” it added.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Keppel, which is M1's parent company, similarly confirmed the discussions, saying that nothing definitive had been reached. The company said it continued to explore consolidation opportunities involving the telco as it believes consolidation is "needed for Singapore's telco sector". “In the meantime, the company is focused on strengthening M1’s performance to maximise its strategic value in any future industry consolidation,” Keppel said. The statements were issued in response to a Business Times report on Wednesday that said StarHub was in advanced talks with Keppel over an M1 deal. A S$1.43 billion (US$1.12 billion) bid by telco Simba to acquire M1 was scuppered earlier this year after the Infocomm Media Development Authority (IMDA) suspended its assessment of the proposed acquisition over a potential regulatory breach. IMDA had been investigating whether Simba had used radio frequency bands that were not assigned to it to provide mobile services. Separately, in August 2025, Starhub acquired MyRepublic’s broadband business for S$105 million .

Keppel, which is M1's parent company, similarly confirmed the discussions, saying that nothing definitive had been reached.

The company said it continued to explore consolidation opportunities involving the telco as it believes consolidation is "needed for Singapore's telco sector".

“In the meantime, the company is focused on strengthening M1’s performance to maximise its strategic value in any future industry consolidation,” Keppel said.

The statements were issued in response to a Business Times report on Wednesday that said StarHub was in advanced talks with Keppel over an M1 deal.

A S$1.43 billion (US$1.12 billion) bid by telco Simba to acquire M1 was scuppered earlier this year after the Infocomm Media Development Authority (IMDA) suspended its assessment of the proposed acquisition over a potential regulatory breach. IMDA had been investigating whether Simba had used radio frequency bands that were not assigned to it to provide mobile services. Separately, in August 2025, Starhub acquired MyRepublic’s broadband business for S$105 million .

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Starhub 和 Keppel 表示，“无法确定或保证”任何 M1 交易最终会实现。

2025年8月19日，新加坡兀兰Causeway Point购物中心的一家星和（Starhub）商店和一家M1商店。（资料照片：CNA/Ooi Boon Keong）

这段音频是由人工智能工具生成的。

新加坡：星和电信和吉宝集团周三（9月23日）证实，他们正在就一项涉及电信公司M1的潜在交易进行谈判。此前几个月，竞争对手Simba对M1的收购计划宣告失败。

两家公司分别向证券交易所提交的文件显示，双方仍在进行磋商，但补充说，尚不能确定任何交易最终能否实现。

星和表示，正在与吉宝集团就“可能与M1有限公司相关的交易”进行磋商。

“完全无法确定或保证这些讨论会取得超出当前阶段的进展，也无法确定是否会就 M1 有限公司达成任何交易，”声明补充道。

CNA游戏猜词游戏：逐行破解单词；流行词游戏：用给定的字母组成单词；迷你数独：小巧的谜题，强大的脑力挑战；迷你填字游戏：小网格，大挑战；单词搜索：尽可能多地找到单词。显示更多 显示更少 M1的母公司吉宝集团也证实了相关讨论，并表示尚未达成任何最终协议。该公司表示，将继续探索涉及M1的整合机会，因为它认为“新加坡电信行业需要整合”。吉宝集团表示：“与此同时，公司专注于提升M1的业绩，以在未来的任何行业整合中最大限度地发挥其战略价值。” 这些声明是对《商业时报》周三报道的回应，该报道称星和电信正与吉宝集团就收购M1的交易进行深入谈判。今年早些时候，电信公司Simba以14.3亿澳元（约合11.2亿美元）收购M1的计划因新加坡资讯通信媒体发展局（IMDA）暂停对该收购案的评估而告吹。IMDA当时正在调查Simba是否使用了未分配给它的无线电频段提供移动服务。此外，2025年8月，星和（Starhub）以1.05亿新元收购了MyRepublic的宽带业务。

M1 的母公司吉宝集团也证实了相关讨论，并表示尚未达成任何最终协议。

该公司表示，将继续探索涉及电信行业的整合机会，因为它认为“新加坡电信行业需要整合”。

吉宝表示：“与此同时，公司正专注于提升M1的业绩，以在未来的任何行业整合中最大限度地发挥其战略价值。”

这些声明是对《商业时报》周三的一篇报道的回应，该报道称星和正在与吉宝就M1交易进行深入谈判。

今年早些时候，电信公司Simba以14.3亿澳元（约合11.2亿美元）收购M1的计划因新加坡资讯通信媒体发展局（IMDA）暂停对该收购案的评估而告吹。IMDA当时正在调查Simba是否使用了未分配给它的无线电频段提供移动服务。此外，2025年8月，星和（Starhub）以1.05亿新元收购了MyRepublic的宽带业务。

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