The Big Story: Simba-M1 deal collapses. What went wrong and who buys M1 next?

Your Way Home with Hongbin Jeong · May 18, 2026 · 14m

Singapore’s telecom landscape has taken a sharp and unexpected turn, as Simba’s proposed $1.43 billion acquisition of M1 moves close to collapse. The development follows IMDA’s decision to suspend its review amid allegations that Simba may have used unauthorized radio frequency bands, leading Keppel to confirm it will let the deal expire by May 21. With the transaction now effectively off the table, M1 returns to the market, opening the door to potential new buyers. Who might ultimately step in as the next owner of one of the country’s key mobile operators? And, what…