M&A Deal Summary

HKBN Acquires I Consulting Group

On May 30, 2018, HKBN acquired information technology company I Consulting Group for 200M HKD

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

M&A Deal Summary

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

Target

I Consulting Group

Hong Kong, China
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

HKBN

Hong Kong, China

Category Company
Founded 1992
Sector Communications
Employees4,159
Revenue 11.7B HKD (2023)
DESCRIPTION

HKBN 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. HKBN was founded in 1992 and is headquartered in Hong Kong, China.


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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