Huan Qiu Lao Hu Cai Jing·2025-08-04 10:10Group 1 - The core point of the article is that China Mobile Hong Kong has reached an agreement to acquire a 14.44% stake in Hong Kong Broadband from Twin Holding Ltd for approximately HKD 1.084 billion, making it the largest shareholder of Hong Kong Broadband [1] - Following the acquisition, China Mobile Hong Kong's shareholding will increase to 29.90%, while the remaining stake of the seller will drop to 1.02% [1] - Hong Kong Broadband is the second-largest fixed-line service provider in Hong Kong, with a market share of 36.6% in the internet service sector, second only to HKT [1] Group 2 - The acquisition will allow China Mobile Hong Kong to gain access to a comprehensive fixed-line infrastructure across Hong Kong, addressing its previous lack of self-owned fixed-line resources [1] - As of February 28, Hong Kong Broadband reported a revenue of HKD 5.734 billion, a year-on-year decrease of 1%, while its net profit attributable to shareholders was HKD 108 million, reflecting a significant year-on-year increase of approximately 69 times [1] - The acquisition process began with an initial offer of HKD 5.23 per share announced on December 2, 2024 [2] Group 3 - In April 2025, China Mobile Hong Kong signed an agreement to acquire 15.46% of Hong Kong Broadband from TPG Wireman for HKD 1.196 billion [3] - The acquisition raised concerns from the Hong Kong Communications Authority regarding market competition, particularly in the fixed local access network sector [3] - To alleviate these concerns, China Mobile Hong Kong made commitments to the Communications Authority, which were accepted on August 1, 2025, allowing the acquisition to proceed [3]