The Infocomm Media Development Authority (IMDA) is "weighing all matters in light of the industry consolidation and the critical national infrastructure involved," note the analysts.
The closing of the sale of M1 by Keppel to Tuas has been extended due to regulatory reasons, but Lim Siew Khee and Meghana Kande of CGS International do not think the sale will be called off.
The long-stop date of the sale, announced last August, has been extended to May 21, instead of the original six-month timeline.
