21 Apr '17, 11am

China Mobile, others approached for buying into Singapore telco M1: sources

SINGAPORE Top shareholders in Singapore telecoms company M1 Ltd (MONE.SI ) have approached potential buyers China Mobile (0941.HK ) and global private equity firms, among others, to sell their combined majority stake in the firm, sources familiar with the matter said. The three main shareholders of Singapore's smallest listed telecoms player, who own a combined 61 percent, flagged a strategic review of their investments last month, and jointly appointed Morgan Stanley as their financial adviser. They did not give a reason behind the review of their stake in the S$1.9 billion ($1.36 billion) company. The sources said the three shareholders - Malaysia's Axiata Group (AXIA.KL ), Singapore Press Holdings (SPH) (SPRM.SI ) and Keppel Telecommunications & Transportation (KTEL.SI ) - had also reached out to other telecoms firms, cash-rich business groups in China and Japanese tech...

Full article: http://www.reuters.com/article/us-m1-m-a-idUSKBN17N1CM?fe...

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