The takeover of Hutchison, Vodafone’s partner in Australia, is expected to close by October this year.
The New York-based I Squared Capital has signed an agreement to acquire 100% of Hutchison Global (HGC) through its ISQ Global Infrastructure Fund II.
HGC is a provider of fixed-line services to fixed and mobile carriers, OTT service providers, corporate and business, residential and data centres in Hong Kong and around the world.
Gautam Bhandari, partner at I Squared Capital, said: “As a premier global hub for commerce and telecommunications, Hong Kong benefits from innovative products and world class services”.
“With I Squared Capital’s investment, HGC will continue to provide the same quality of service that mobile telecommunication providers, corporate and residential customers have come to expect.
"Fresh capital will also enable the company to develop new solutions to meet the ever-increasing demand for high-speed information infrastructure throughout the region and beyond.”