TPG and MBK Partners to Acquire Wharf T&T from Wharf
Summary
Founded in 1886, Wharf T&T is Hong Kong’s largest purely enterprise-focused telecom service provider, with an extensive fibre optic network covering approximately 90% of the commercial market.The company offers a strong portfolio of local data connectivity and a full suite of ICT services complemented by leading system integration capabilities.The company offers a strong portfolio of local data connectivity and a full suite of ICT services complemented by leading system integration capabilities.We believe that Wharf T&T will be best positioned to achieve its next phase of growth and development after the acquisition.” This acquisition underlines the strong investment track record of MBK Partners and TPG in the TMT sector.MBK Partners has a long track record investing in Asian TMT assets, including in China Network Systems, Gala TV, Invoice, C&M and Yayoi.