Private Equity News Asia China Mobile Explores Acquiring Hong Kong Telecom Firm HKBN

China Mobile Reportedly Exploring Acquiring HK Telecom Firm HKBN

Private Equity News AsiaChina Mobile Explores Acquiring Hong Kong Telecom Firm HKBN

Private Equity News China

China Mobile, the world’s largest mobile carrier, is thought to be exploring a buyout of Hong Kong’s leading telecoms company HKBN, people with knowledge of the matter said.

The potential deal, which could be worth up to $1 billion, would give China Mobile a foothold in the fast-growing Hong Kong telecom market. HKBN is a leading provider of fixed-line and broadband services in Hong Kong, with a market share of around 30%.

Private Equity News Asia China Mobile Explores Acquiring Hong Kong Telecom Firm HKBN

Private Equity News Asia

China Mobile is said to be interested in HKBN’s fiber optic network, which would give it a platform to expand its 5G services in Hong Kong. The company is also reportedly looking to expand its presence in the enterprise market, where HKBN has a strong track record.

A deal for HKBN would be the latest in a series of acquisitions by China Mobile in recent years. In 2016, the company acquired Australia’s largest mobile carrier, Telstra, for $60 billion.

The potential acquisition of HKBN is likely to face regulatory scrutiny from the Hong Kong government. However, if the deal is approved, it would be a major coup for China Mobile and would give the company a significant boost in its efforts to expand its global footprint.

Here are some of the potential implications of the deal:

  • It would give China Mobile a larger market share in Hong Kong. HKBN is the second-largest fixed-line operator in Hong Kong, with a market share of around 30%. If China Mobile were to acquire HKBN, it would become the largest fixed-line operator in Hong Kong, with a market share of around 60%.
  • It would give China Mobile a platform to expand its 5G services in Hong Kong. HKBN has a fiber optic network that is well-suited for 5G services. If China Mobile were to acquire HKBN, it would be able to use this network to expand its 5G services in Hong Kong.
  • It would give China Mobile a foothold in the enterprise market in Hong Kong. HKBN has a strong track record in the enterprise market. If China Mobile were to acquire HKBN, it would be able to use HKBN’s expertise to expand its enterprise business in Hong Kong.

Private Equity News Asia

The deal is still in the early stages, and it is not clear if it will be approved by the Hong Kong government. However, if the deal is approved, it would be a major coup for China Mobile and would give the company a significant boost in its efforts to expand its global footprnt.


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