China Mobile closer to taking over Hong Kong broadband company HKBN, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2025
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Source: Reuters
China Mobile's Acquisition Plans: China Mobile is nearing a deal to acquire Hong Kong broadband company HKBN after rival bidder I Squared Capital withdrew due to lack of approval from the Chinese sovereign wealth fund, which could impact operations.
Current Status and Valuation: China Mobile's offer values HKBN at approximately HK$7.8 billion, with ongoing negotiations regarding deal terms and valuation expectations as HKBN's market value currently stands at HK$7.6 billion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
