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Business deals

Singapore's Keppel and Straits Times to buy mobile carrier M1

Top investor Axiata of Malaysia accepts takeover offer

The M1 logo adorns a mobile phone shop in Singapore.   © Reuters

SINGAPORE -- Conglomerate Keppel Corp. and Straits Times publisher Singapore Press Holdings will together acquire a majority stake in Singapore's third-largest mobile carrier, M1, with top shareholder Axiata Group agreeing to unload its interest.

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