Simba, Ml to retain $10 and $12 mobile plans after proposed merger

Simba Telecom and M1 said they will continue to offer their popular $10 and $12 mobile plans to new subscribers for at least two years after their proposed merger is completed.

- Sarah Koh

The two telcos also committed to retain current prices for existing mobile subscribers for at least two years after their proposed consolidation, which was first announced in August, is completed.

These commitments, made in their proposal to the Infocomm Media Development Authority (IMDA), were published on the regulator’s website on Oct 1.

“This is to ensure that mobile plans, which are integral to everyday life, are kept affordable,” according to their proposal to IMDA.

In a consultation paper launched on Oct 1, IMDA also asked if the industry and the public have any concerns that the proposed merger could substantially lessen competition here.

On Aug 11, Keppel said it would be selling the telecommunications business of its subsidiary M1 to rival Simba for $1.43 billion, in what is the first telco consolidation in Singapore's history.