Regulators mum on China Mobile's HKBN bid
Staff reporter
Issues with mainland regulators have left China Mobile's (0941) acquisition proposal for HKBN (1310) in limbo, according to Sing Tao Daily.
More than two months have passed since the offer to acquire the local broadband service provider, but mainland regulatory authorities have yet to provide any feedback on the approval process, The Standard's sister newspaper reported, citing sources.
Even as a state-owned enterprise, China Mobile is not guaranteed to secure approval, the report said, adding that the telecom giant had previously submitted antitrust documents to the Office of the Communications Authority and made smooth progress locally.
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