Hong Kong broadband provider HKBN is at the center of a potential bidding war following a non-binding offer from I Squared Capital. Reports indicate that I Squared's offer may lead to competition with China Mobile, which has made a formal takeover bid for HKBN, valuing the company at approximately $882 million. This development comes as HKBN has received interest from multiple parties, signaling a competitive landscape in the telecommunications sector in Hong Kong.