Australia’s Tuas scraps $1.1 billion deal to buy Keppel’s M1 stake

Australia’s Tuas said on Friday it has ended a deal worth S$1.43 billion ($1.12 billion) to buy Keppel’s stake in mobile ‌operator M1 ⁠via its unit ⁠Simba Telecom, days after the Singaporean regulator halted its review of the transaction.

The Infocomm Media Development Authority said on Monday it had found Simba may have used radio frequency bands that were not assigned to it to provide mobile services.