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flag US firm I Squared Capital nears $1 billion deal for Hong Kong's HKBN, competing with China Mobile.

flag US-based investment firm I Squared Capital is close to finalizing a potential offer for Hong Kong broadband operator HKBN, possibly valuing the company at up to $1 billion. flag This could rival a previous offer from China Mobile. flag Sources say I Squared Capital may not offer more than HK$6 per share. flag HKBN, founded in 1999, provides internet and data services and currently has a market value of about $934 million with a share price of HK$5.21.

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