Singapore's StarHub in advanced talks with Keppel over M1 acquisition

Singapore's StarHub is in advanced talks with Keppel over a potential deal involving M1, following the collapse of Simba's S$1.4 billion acquisition in May. The talks aim to consolidate the telecom sector, reducing the number of mobile operators from four to three. Analysts suggest StarHub could acquire M1 at a lower valuation, but financing may require equity raising. Both companies have appointed financial advisers, and Temasek holds stakes in both firms.