The latest telecom news includes announcements on Omni Fiber, Keppel, M1, Simba Telecom, Kyivstar, among others.
Omni Fiber Invests $465 mn to Expand 10 Gbps Network Across Three States
Omni Fiber announced expansion of fiber internet service to new markets in Ohio, Pennsylvania, and Michigan. The company is investing $465 million to build a fiber network capable of speeds up to 10 Gbps for homes and businesses. The Ohio expansion includes counties such as Allen, Auglaize, Hancock, Hardin, Logan, Sandusky, Seneca, and Wyandot. In Pennsylvania, service will reach Beaver, Butler, and Lawrence counties. In Michigan, the rollout covers Monroe and Lenawee counties. Construction is scheduled to begin in multiple areas during summer, with installations continuing as network segments are completed. The project will create jobs for Omni Fiber employees and local contractors. Omni Fiber, founded in 2022 and supported by Oak Hill Capital, offers symmetrical speeds, no data caps, premium Wi-Fi, local support, and competitive pricing.
Keppel to Sell M1 Stake to Simba Telecom for S$1bn
Keppel will sell its 83.9 percent stake in M1 Ltd’s telecom operations to Simba Telecom, a unit of Australia-listed Tuas Ltd, for an enterprise value of S$1.43 billion (US$1.11 billion). The deal will generate net cash proceeds of S$1.0 billion (US$778 million) for Keppel, which will retain M1’s ICT business, including data centres and subsea cables. The transaction supports Keppel’s shift to an asset-light model and focus on digital infrastructure. Keppel expects an accounting loss of S$222 million from the sale. Simba Telecom plans to integrate M1’s operations to expand 5G network capabilities and digital services. The sale is subject to approval from Singapore’s Infocomm Media Development Authority, Reuters reports.
Kyivstar to Raise $50–200mn Through U.S. Nasdaq Listing
Ukraine’s telecom operator Kyivstar plans to raise between $50 million and $200 million through a U.S. stock market listing. The company will merge with special purpose acquisition company Cohen Circle, providing a faster route to Nasdaq compared to a traditional IPO. This will mark the first U.S. listing of a Ukrainian company, creating access to global capital markets for the nation’s telecom sector. Kyivstar says the funds will support network expansion and digital infrastructure, strengthening connectivity across Ukraine. The listing is also being presented as a “people’s IPO,” encouraging participation from retail investors, Reuters reports.
TelecomLead.com News Desk
