Deals
SmarTone, Buyout Group Said to Vie for $1 Billion Wharf Unit
- HKBN also makes final bid for corporate internet provider
- Hong Kong tycoon Peter Woo to pick winner by end of month
This article is for subscribers only.
SmarTone Telecommunications Holdings Ltd. and a private-equity consortium are among final bidders for the internet provider owned by Hong Kong billionaire Peter Woo’s Wharf Holdings Ltd., people familiar with the matter said.
North Asian buyout firm MBK Partners and TPG Capital submitted a joint offer by last week’s deadline for Wharf T&T Ltd., which provides fixed-line services to mostly corporate clients in Hong Kong, according to the people. They are competing with HKBN Ltd. for the business, which could fetch about $1 billion, the people said, asking not to be identified as the information is private.