Simba’s subscriber base continues to grow steadily quarter-on-quarter. As of Q1 FY26, the company reached approximately 1.337 million active mobile services. Based on available data, Simba’s market share as of July 2025 stood at 12.7%. Growth in Q1 accelerated following the M1 acquisition announcement on 11 August, which has further strengthened Simba’s brand presence in the market.
In fibre broadband, uptake has been encouraging, supported by attractive promotions such as complimentary WiFi 7 routers and digital voice lines. Both industry and internal analytics place Simba among the top performers for speed and latency, with growth also driven by the annual addition of 30,000 to 35,000 new public and private homes.
Regarding the M1 acquisition and future outlook, the Long Form Consolidation Application was jointly submitted by Simba and M1 and accepted by IMDA on 29 September. The public consultation concluded on 7 November, and Simba now awaits feedback from both the industry and IMDA. The company remains optimistic about receiving approval in the coming months. On the financing front, fully underwritten debt has been secured from six banks.
Despite competitive market conditions, Simba continues to expand while maintaining efficient capital deployment, with FY26 capex expected to range between $45 million and $55 million. Over the years, Simba has built deep operational capabilities and a strong understanding of the telecommunications landscape, positioning the company well to integrate M1 and unlock future growth opportunities once regulatory approval is secured.