HKBN Ltd. completed its acquisition of Jardine OneSolution Holdings (CI) Ltd. and its subsidiaries from JTH (BVI) Ltd. for US$50 million in cash.

The closing comes after HKBN voted in favor of the acquisition at its Dec. 12 extraordinary general meeting.

Billy Yeung, HKBN co-owner and enterprise solutions CEO, will lead a team for the integration process. The merger integration team will be composed of representatives from each key function of HKBN Enterprise Solutions and Jardine OneSolution.

Following the transaction, Jardine OneSolution's about 3,000 customers in Hong Kong can access HKBN's connectivity services and ICT offerings, according to Yeung.