Breaking news : SIMBA Telecom (TUA:ASX) has requested a trading halt as it announces a share purchase agreement to acquire shares in M1 Limited.
This move sparks speculation of a potential SIMBA–M1 merger, which could see Singapore’s mobile market returning to just three major telcos.
A merger can only proceed with regulatory approval. If approved, SIMBA could gain access to 5G bands n1 and n78, as well as LTE bands 28, 3, 7 and 8. Coverage will definitely be boosted for M1 users to gain Band 40, Band 38
![06693992-photo-alcatel-lucent[1]](https://en.ocworkbench.com/wp-content/uploads/2015/04/06693992-photo-alcatel-lucent1.jpg "Finland's Nokia confirmed on Tuesday that it was in \"advanced\" merger discussions with telecoms company Alcatel-Lucent")