M1 Limited (M1)

M&A

Konnectivity owns 94.55% in M1 at close of offer; will go ahead to compulsorily acquire all other shares and delist telco

SINGAPORE (Mar 19): Konnectivity, the offer vehicle jointly owned by Keppel Corporation and Singapore Press Holdings (SPH), and its concert parties have gained a 94.55% stake in M1 at the close of

Sector Focus

As US-China tussle over 5G intensifies, dividends of local telcos come under pressure

SINGAPORE (Feb 18): Huawei Technologies Co and the 5G, or fifth-generation, mobile network has been grabbing headlines.

Broker's Calls

Accept the offer as outlook still looks murky for M1, says OCBC

SINGAPORE (Jan 31): Keppel Corp and Singapore Press Holdings (SPH), through offer vehicle Konnectivity, and together with concert parties and valid acceptances, have amassed a total stake of 34.41%

Disruption and Digitalisation

M1 to support Jurong Port in digital smart port transformation

SINGAPORE (Dec 5): M1 will provide Jurong Port with a terminal-wide wireless private network, to support the transformation of the port into an advanced digital smart port.

Broker's Calls

M1 VGO seen to go through as Axiata unlikely to make counter bid: CGS-CIMB

SINGAPORE (Nov 5): CGS-CIMB Securities is downgrading M1 to “hold” with an unchanged target price of $2.06 on expectations the Voluntary General Offer (VGO) will go through and that Axiata is unlik

Buyout

Are institutional investors betting on a higher M1 bid?

SINGAPORE (Oct 5): Institutional investors are buying shares of M1 at levels above the offer price from major owners Keppel Corp and Singapore Press Holdings, showing they are  betting on an increa

Malaysia

Axiata's Asia dream fades as rivals bid for overseas units

(Oct 2): Axiata Group Bhd’s dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks losing hold of overseas units to rivals.

Broker's Calls

Changes in dynamics among telco players could see StarHub turn acquirer

SINGAPORE (Oct 1): Changes in dynamics among Singapore’s telco players could see StarHub or M1 turn acquirer during an industry consolidation in two to three years, says UOB KayHian.

M&A

Decent offer for M1 minority shareholders but will Axiata bite?

SINGAPORE (Sept 28): RHB Research and CGS-CIMB Securities say Keppel Corp and M1's $2.06 per share valuation of M1 is fair.

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