Simba likely to be acquired

Interesting read: https://sg.finance.yahoo.com/news/local-telcos-enjoy-more-growth-205917846.html

"Mittal also says that Simba Telecom, formerly known as TPG Singapore, could also become an acquisition target in 2023 as its cash flow may remain negative for another few years due to the 5G capex cycle. Simba, the fourth network operator in Singapore, has achieved an ebitda of $900,000 with 392,000 paying mobile subscribers in 2021.

“We expect Simba will be acquired over the next 12 to 18 months amidst achieving EBITDA breakeven. This is primarily because the 5G capex requirement and cycle will be an enormous challenge for Simba to achieve positive free cash flow,” explains Mittal. “Simba could be acquired by other telcos to enhance the competition in the lower end coupled with the possibility of improving the price points at the lower end.”