M&A Deal Summary

Hong Kong Broadband Network Acquires I Consulting Group

On May 30, 2018, Hong Kong Broadband Network acquired information technology company I Consulting Group for 200M HKD

Acquisition Highlights
  • This is Hong Kong Broadband Network’s 1st transaction in the Information Technology sector.
  • This is Hong Kong Broadband Network’s 0th largest (disclosed) transaction.
  • This is Hong Kong Broadband Network’s 1st transaction in China.

M&A Deal Summary

Date 2018-05-30
Target I Consulting Group
Sector Information Technology
Buyer(s) Hong Kong Broadband Network
Deal Type Add-on Acquisition
Deal Value 200M HKD

Target

I Consulting Group

Hong Kong, China
website
I Consulting Group Ltd. is a managed service provider (MSP) in cloud powered solutions. I Consulting Group Ltd. was established in 2003 and is based in Hong Kong.

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Buyer(S) 1

Buyer

Hong Kong Broadband Network

Hong Kong, China

website


Category Company
Founded 2012
Sector Communications
Employees3,080
Revenue 235M USD (2012)
DESCRIPTION

Hong Kong Broadband Network Limited is an integrated telecommunications services company, provides broadband, local telephony, IDD, and IP-TV services to business and residential markets in Hong Kong. It offers broadband, telephony, entertainment, integrated Web, facility management, 2b app, multi-protocol label switching, Internet access, and fibre-to-the-office technology services.


DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (China) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 WTT HK

Hong Kong, China

WTT HK Ltd. is the only enterprise-focused fixed telecommunication services operator with significant fixed-line infrastructure in Hong Kong. WTT has already invested over HK$7 billion in its network to create a leading fiber-optic end-to-end network in Hong Kong covering more than 5,500 commercial buildings. Together with a robust in-house service engine offering a comprehensive range of ICT products and bespoke services, WTT is a trusted partner of its diverse base of over 56,000 business customers serving their mission-critical needs.

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