Latest news with #HKBNLtd
Bloomberg
6 days ago
- Business
- Bloomberg
Broadband Firm HKBN Seeks $510 Million Loan for Refinancing
Hong Kong broadband service provider HKBN Ltd. is in talks with banks for a HK$4 billion ($510 million) refinancing loan, according to people familiar with the matter, as a proposed acquisition of the company gains momentum. Proceeds from the new facility, which may carry a five-year tenor, will go toward refinancing a HK$5.5 billion loan due next March, said the people, asking not to be identified discussing private matters. Details of the deal are still under discussion and could change, the people added.
Bloomberg
02-08-2025
- Business
- Bloomberg
HK Watchdog Accepts China Mobile's HKBN Acquisition Commitments
Hong Kong's competition watchdog has accepted commitments by China Mobile Hong Kong regarding its proposed acquisition of broadband provider HKBN Ltd. and won't pursue an investigation, clearing the way for the merger to proceed. The planned deal, announced by China Mobile Hong Kong in December, was scrutinized by the Communications Authority under the Competition Ordinance because of its potential impact on market competition. The authority conducted an assessment and identified concerns, particularly regarding the fixed local access network, which could have been negatively affected by the acquisition.
