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Tuas Sets Sights on Singapore Telecom Dominance with S$1.43bn M1 Buyout

10:42am on Monday 11th of August, 2025 AEST Telecommunications
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Tuas Sets Sights on Singapore Telecom Dominance with S$1.43bn M1 Buyout

10:42am on Monday 11th of August, 2025 AEST
Key Points
  • Tuas to acquire M1 Limited (ex-ICT) for S$1.43 billion
  • Equity raising targets minimum A$416 million to fund acquisition
  • Deal expected to be EPS accretive from first year
  • Material synergies anticipated from network and operations convergence
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