MBK Consortium Agrees to Acquire Wharf T&T for $1.2 Billion

  • North Asian buyout firm teams with TPG in first Hong Kong deal
  • Private-equity group beat rivals including HKBN, SmarTone

A consortium of MBK Partners and TPG Capital agreed to acquire internet provider Wharf T&T Ltd., owned by billionaire Peter Woo’s Wharf Holdings Ltd., for HK$9.5 billion ($1.2 billion), in the largest Hong Kong telecom deal in about two years.

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