TPG Telecom Needs Singapore Approval Before Mobile Unit Spinoff

TPG Telecom Ltd. must obtain regulatory approval before splitting its Singapore mobile business from the rest of the company, the Info-communications Media Development Authority of Singapore said.

The regulator has a priority to ensure TPG Singapore “will fully meet all its licence and regulatory obligations” after it announced on Thursday the $8 billion merger with Vodafone Hutchison Australia Pty.’s mobile business. The deal includes a spinoff of its Singapore unit. The Australian carrier won a bid to hold Singapore’s fourth mobile license in 2016 and is expected to roll out services this year.