HKBN’s Owners Said to Revive Deal Options for Hong Kong Broadband Provider
- Previous buyout attempts failed due to valuation disagreements
- Shareholders including MBK, TPG have revived strategic review
This article is for subscribers only.
Owners of HKBN Ltd. are reviving considerations for potential deals for the Hong Kong broadband service provider, including going private or bringing in new investors, after previous attempts failed, people familiar with the situation said.
Major shareholders including private equity firms MBK Partners and TPG Inc. have restarted a strategic review with the aim of reducing their holding in the company, the people said, asking not to be identified discussing confidential information. Other options include raising cash through some of HKBN’s assets, they said.