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Simba Telecom
Trends
- 1Singapore regulator issues show cause notice to Simba over spectrum misuse▼simba spectrum misuse imda notice
Singapore's Infocomm Media Development Authority has issued a show cause notice to mobile operator Simba over alleged misuse of spectrum, escalating its regulatory probe into the company. The move hit markets hard: Tuas Ltd, Simba's Australian-listed parent, saw its shares plunge around 40% as investors reacted to the risk of penalties or licence consequences. The case is drawing attention across the telecoms and investment worlds.
- 2
Singaporean telecom operator Simba says its services, plans and wallet balances are unaffected while it is being investigated by the country's regulator, the Infocomm Media Development Authority. The company moved to reassure customers that their subscriptions and stored balances remain valid during the probe.