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An announcement from Tuas Ltd. ( (AU:TUA) ) is now available.
Tuas Limited has terminated its agreement for subsidiary Simba Telecom to acquire shares in Singapore operator M1 Limited from Keppel Konnect and Konnectivity, after several conditions precedent were not satisfied by the extended long-stop date of 21 May 2026. The collapse of the deal leaves Tuas without the planned expansion via M1, while Simba continues to face regulatory scrutiny over potential breaches of Singapore’s Telecommunications Act even as it maintains normal operations with its existing mobile offerings in the local market.
The most recent analyst rating on (AU:TUA) stock is a Buy with a A$10.00 price target. To see the full list of analyst forecasts on Tuas Ltd. stock, see the AU:TUA Stock Forecast page.
More about Tuas Ltd.
Tuas Limited is an Australian-listed telecommunications company operating through its subsidiary Simba Telecom in the Singapore mobile market. Simba focuses on facilities-based operations and offers mobile plans and products that it positions as industry leading within Singapore’s highly competitive telecoms sector.
Average Trading Volume: 1,438,966
Technical Sentiment Signal: Sell
Current Market Cap: A$1.22B
See more data about TUA stock on TipRanks’ Stock Analysis page.