According to a Wall Street Journal (WSJ) report citing Citi analysts, Tuas’s proposed acquisition of M1 could gain approval from Singapore regulators before Christmas. The analysts noted that Keppel, M1’s current owner, hopes to complete the sale by the end of the year. They also pointed out that M1 has cut prices on several postpaid plans by up to 70%, indicating that the telco is already adopting Tuas’s value-led strategy to drive customer growth. With the November 7 deadline for deal submissions approaching, Citi expects regulatory approval could follow soon after. The firm maintains a Buy rating on Tuas with a target price of A$9.95, as the stock trades 3.3% higher at A$7.26.