Jan
29
Singapore’s $1.4 Billion Telco Takeover Leaves Wireless Giant in a Bind
By-
Malaysian wireless giant has three weeks to decide on M1 bid
- Axiata considers it unlikely rival bidder will emerge
Malaysian wireless giant Axiata Group Bhd. is caught in a bind as it weighs whether to exit its decade-long investment in Singapore operator M1 Ltd.
Axiata, M1’s biggest shareholder, has less than three weeks left to decide whether to tender its stock into a takeover offer valuing the target at S$1.9 billion ($1.4 billion). The Malaysian company held a board meeting last week to discuss the merits of the bid from Keppel Corp. and Singapore Press Holdings Ltd., according to people with knowledge of the matter…
Singapore’s $1.4 Billion Telco Takeover Leaves Wireless Giant in a Bind
