TPG, MBK agree to $1.2B buy of Wharf Holdings telecom unit
October 05, 2016
Telecommunications Service Providers | Hong Kong | Corporate Divestiture
A consortium of investors including TPG Capital and MBK Partners has agreed to acquire the telecom business of Wharf Holdings (HKG: 0004) for HK$9.5 billion ($1.22 billion), according to a Reuters report. The division includes Wharf T&T, a fixed-line operator for businesses, but not I-Cable Communications (HKG: 1097), Wharf's TV broadcaster.