- CEO
- Richard Tan
- Full Time Employees
- 150
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- 117 Clarence Street Macquarie Park NSW Australia 2000
- IPO Date
- Feb 15, 2022
- Business
- Tuas Limited (ASX:TUA) is an Australia-based telecommunications company that owns and operates a mobile network and provides mobile telecommunications services in Singapore; core offerings include data, voice, SMS, roaming, broadband equipment with on-site activation and installation, and support and maintenance services for technologies and system solution projects; operations encompass mobile services under the disruptive low-cost Simba brand, which features market-leading inclusions at competitive price points and expanded 5G coverage, alongside rapidly growing fibre broadband services with best-in-industry no-frills plans that now include a free digital home phone line. Founded on March 11, 2020, and headquartered at Level 4, 68 Waterloo Road, Macquarie Park, Sydney, NSW 2113, Australia, the company targets consumer and enterprise customers primarily in Singapore through subsidiaries such as Simba Telecom Pte Ltd, Simba 5G Pte Ltd, Netco East Pte Ltd, Netco West Pte Ltd, and Tuas Solutions Sdn Bhd. In August 2025, Tuas announced the transformational 100% acquisition of M1 Limited (excluding its ICT businesses) from Keppel companies for an enterprise value of S$1.43 billion on a debt-free cash-free basis, funded by existing cash, a completed A$385 million equity raise, S$1.1 billion in acquisition debt financing, and a share purchase plan targeting up to A$50 million; the deal, valued at 7.3x M1's last-12-months ex-ICT EBITDA of S$195.4 million, awaits regulatory approval from the Infocomm Media Development Authority (IMDA) with a long-form consolidation joint application submitted, positioning Tuas to integrate Simba's digital consumer brand with M1's established network and enterprise capabilities for enhanced scale, synergies estimated up to S$100 million annually, and combined pro-forma FY26 revenue of S$949 million and EBITDA of S$256 million. For FY25 ended July 31, 2025, Tuas reported revenue of S$151.3 million (up 29% year-on-year), EBITDA of S$68.4 million (45% margin), positive NPAT of S$6.9 million, 1.254 million active mobile subscribers, and 25,592 broadband subscribers, with guidance for FY26 standalone capex of S$50-55 million ahead of the pending M1 integration.