M1

M1: According to Bloomberg, Warburg Pincus has dropped out of the race for M1 but MyRepublic is reportedly seeking private equity backing to pursue the telco after failing to bid for Singapore’s fourth mobile operator license.Other contenders that have submitted first round offers for M1 include Shanxi Meijin Energy and China Broadband Capital.M1’s substantial shareholders Axiata Group, Keppel T&T and SPH, which together hold a combined 60% of M1, has appointed Morgan Stanley to review their stakes in the company.