I Squared Capital Set to Finalize $1 Billion Offer for HKBN

U.S.-based infrastructure investment firm I Squared Capital is on the verge of finalizing an exciting pre-conditional offer for Hong Kong-listed HKBN, the city’s leading broadband operator. This news comes from an official announcement made by HKBN this Thursday.

According to sources familiar with the matter, the potential deal could value HKBN at an impressive $1 billion, making it a significant player in the competitive telecommunications market. If the offer pans out, it will directly compete with a previous bid made by China Mobile last December, which proposed a share price of HK$5.23.

However, insiders suggest that I Squared Capital may not be willing to offer more than HK$6 per share for the company, which adds an interesting twist to the ongoing negotiations.

Founded in 1999, HKBN has established itself as a frontrunner in the Hong Kong telecommunications sector by offering a range of services, including high-speed internet, data center solutions, and WiFi services. As of now, the company enjoys a market value of approximately HK$7.27 billion, equivalent to about $933.93 million, with its shares trading at around HK$5.21.

In addition to shaping the future of broadband connectivity in Hong Kong, this acquisition could lead to new innovations and improvements in internet service quality for consumers. As discussions advance, many are left wondering: what will this mean for the future of telecommunications in Hong Kong? Stay tuned for updates as I Squared Capital's offer unfolds.