Dear Friends of HKBN

HKBN Completes Acquisition of JOS
Leapfrogging Our Transformation into a One-stop ICT Powerhouse

We are thrilled to announce that we have completed the acquisition of Jardine OneSolution (JOS) today, following the overwhelmingly positive shareholder support at our Extraordinary General Meeting yesterday.

The addition of JOS leapfrogs our transformation from the second largest telecom carrier in Hong Kong to a fully integrated Information and Communications Technology (ICT) solutions provider and opens up significant synergy opportunities for growth. With an enlarged customer base, significant scale efficiencies and the combined complementary capabilities of the 2 companies, we are now ideally positioned to serve as the pre-eminent technology partner to help our combined enterprise customer base – 1 in every 2 active companies in Hong Kong – realise even greater business potential.

“We are excited to bring JOS’s leading ICT capabilities and a wide range of next generation technology, business applications and system integration expertise to our 103,000 enterprise customers,” said Billy Yeung, our Co-Owner and CEO –  Enterprise Solutions. “Similarly, JOS’s 3,000 active customers in Hong Kong can also enjoy HKBN’s premier connectivity services and ICT offerings backed by an unprecedented tri-carrier network diversity advantage.”

Billy will lead a Merger Integration Team comprising representatives from each key function of HKBN Enterprise Solutions and JOS, and immediately begin the business integration process to bring about synergy and value creation opportunities to our enlarged customer base.

“Welcome JOS team into our elite sports team! We are especially excited for having invited over 270 JOS Talents to join our Co-Ownership Plan III Plus. At HKBN, our broad-based Co-Ownership culture sets our Talents apart with an entrepreneurial mindset. By putting real skin in the game, our Talents serve a dual role as investors and Talents, with tremendous passion and motivation to deliver success for customers and for HKBN,” said NiQ Lai, our Co-Owner and Group CEO. “We’re ready to work together to deliver disruptive innovation and far better value for our customers.”

To celebrate this memorable day, an all Talent e-townhall meeting was held today to cheer for the integration and share the 1-HKBN vision and strategy. Talents from 15 HKBN and JOS offices across the world attended the meeting, turbocharging their resolve to become overachievers.

For our HKEx announcement, please click here.

Click here to watch a warm JOS welcome video from HKBN Talents!