{"id":878909,"date":"2024-11-20T17:26:38","date_gmt":"2024-11-20T11:56:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=878909"},"modified":"2024-11-21T07:04:16","modified_gmt":"2024-11-21T01:34:16","slug":"hong-kongs-hkbn-receives-potential-buyout-proposal-from-china-mobile","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/20\/hong-kongs-hkbn-receives-potential-buyout-proposal-from-china-mobile\/","title":{"rendered":"Hong Kong&#8217;s HKBN receives potential buyout proposal from China Mobile"},"content":{"rendered":"<p>Hong Kong telecommunications company HKBN Ltd said on Wednesday it has received a non-binding proposal from state-owned China Mobile for a possible takeover of the broadband firm. <\/p>\n<p>HKBN, however, did not disclose any financial details related to the possible proposal, including the cash offer. <\/p>\n<p>Hong-Kong listed HKBN currently boasts a market cap of HK$5.65 billion ($725.91 million), as per data compiled by LSEG. <\/p>\n<p>China Mobile, the world&#8217;s largest wireless carrier by subscribers, seeks to increase its presence in Hong Kong by acquiring the 1999-founded telecoms firm that provides internet, data center and Wi-Fi services, among others. <\/p>\n<p>Although it provides telecoms services in the world&#8217;s second-largest economy, China Mobile has a limited footprint outside its home country.<br \/>\nReuters reported last year that China Mobile had been mulling a buyout of HKBN.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong telecommunications company HKBN Ltd said on Wednesday it has received a non-binding proposal from state-owned China Mobile for a possible takeover of the broadband firm. HKBN, however, did not disclose any financial details related to the possible proposal, including the cash offer. Hong-Kong listed HKBN currently boasts a market cap of HK$5.65 billion ($725.91 million), as per data compiled by LSEG. China Mobile, the world&#8217;s largest wireless carrier by subscribers, seeks to increase its presence in Hong Kong by acquiring the 1999-founded telecoms firm that provides internet, data center and Wi-Fi services, among others. Although it provides telecoms [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-878909","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=878909"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878909\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=878909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=878909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=878909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}