Singapore Telecom Sector Could Witness Consolidation -- Market Talk

Dow Jones
06/09

0411 GMT - Singapore's telecommunications sector could still see consolidation despite the failed merger between Simba Telecom and M1, RHB Research analysts say in a report. There might be renewed discussions between Keppel and StarHub, with the latter widely viewed as the other main contender for M1. "Both Keppel and StarHub view consolidation as a healthy market response," the analysts say. StarHub's management has repeatedly said it is receptive to mergers and acquisitions, supported by its strong coffers, they note. RHB remains neutral on Singapore's telecom sector, pegging Singtel as its top pick. (amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

June 09, 2026 00:11 ET (04:11 GMT)

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