TPG-MBK consortium, telco HKBN eye Hutchison's fixed-line biz in $1.5-1.9b deal

A consortium of private equity firms TPG Capital Management and MBK Partners, as well as telecoms firm HKBN Ltd, are preparing separate bids for the fixed-line phone unit of Hong Kong’s richest man, Li Ka-Shing, sources with direct knowledge of the matter said.