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An update from Tuas Ltd. ( (AU:TUA) ) is now available.
Tuas Limited has announced the acquisition of M1 Limited, excluding its ICT businesses, for S$1,430 million, aiming to create a stronger telecommunications presence in Singapore by combining Simba’s digital consumer services with M1’s established network. The acquisition is expected to generate significant synergies, enhancing service quality and operational efficiency, and is anticipated to be EPS accretive from the first year. The deal will be funded through existing cash, an equity raising of at least A$416 million, and S$1,100 million in acquisition bank debt financing. Completion is subject to regulatory approval, and the acquisition is seen as a strategic move to strengthen Tuas’s market position and unlock the potential of 5G and broadband services.
The most recent analyst rating on (AU:TUA) stock is a Buy with a A$7.00 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, listed on the ASX under the ticker TUA, operates in the telecommunications industry. Through its subsidiary Simba Telecom Pte Ltd, Tuas focuses on digital consumer services and network operations, primarily in Singapore, aiming to enhance competition and deliver value to consumers.
Average Trading Volume: 436,959
Technical Sentiment Signal: Buy
Current Market Cap: A$2.58B
See more insights into TUA stock on TipRanks’ Stock Analysis page.