Hong Kong telco HKBN to merge with TPG-owned fixed-line operator in $1.34b deal

Cables lines in a computer server box. Photo: Franck V/Unsplash

Hong Kong-based residential broadband services provider HKBN will merge with fixed-line operator WTT, jointly owned by private equity firms MBK Partners and TPG, in a deal valued at HK$10.5 billion ($1.34 billion), the companies announced on Tuesday.

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