Finance
US-based I Squared Capital to finalise offer for Hong Kong's HKBN
Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
I Squared Capital is finalizing a potential $1 billion offer for HKBN, competing with China Mobile's previous bid.
(Reuters) - U.S.-based infrastructure investment firm I Squared Capital is finalising the terms of a possible pre-conditional offer for Hong Kong-listed HKBN, the broadband operator said on Thursday.
Sources told Reuters in January that the offer could value HKBN at up to $1 billion.
If the offer materialises, it would rival China Mobile's HK$5.23 per share offer tabled last December.
According to the same sources, I Squared Capital was not keen on offering more than HK$6 apiece for the telecommunications firm.
Founded in 1999, HKBN provides internet, data centre and WiFi services, among others.
The Hong Kong firm currently holds a market value of HK$7.27 billion ($933.93 million) with a share price of HK$5.21.
($1 = 7.7843 Hong Kong dollars)
(Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona)
The main topic is I Squared Capital's potential offer for Hong Kong's HKBN, which could value the company at up to $1 billion.
China Mobile is a competitor, having previously made an offer for HKBN at HK$5.23 per share.
HKBN provides internet, data center, and WiFi services in Hong Kong.
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