China Mobile has had a lot of news recently.。

On April 17, China Mobile A shares rose nearly 5% to 103 yuan in early trading, and the share price hit a new high, rising more than 50% since the beginning of the year; H shares rose more than 2% to 68.HK $45, the highest since 2015。At this point, the total market capitalization of China Mobile's AH shares is up to 2.2 trillion, once surpassed Guizhou Moutai, became the largest company in the A-share market by market capitalization。

On the morning of April 18, the 2023 Global Meta-Universe Conference was held in Beijing, announcing the formal establishment of the GPT Industry Alliance, with China Mobile as the main sponsor, promising to participate in exploring the mechanisms and engineering paths for the emergence of intelligence in the future, discovering original innovation opportunities in the era of intelligence, and inventing the technical architecture that supports the emergence and circulation of intelligent business value.。

In the afternoon, China Mobile has big news。

China Mobile is exploring the possibility of acquiring Hong Kong Broadband Networks Limited, according to four people familiar with the matter.。

According to public information, Hong Kong Broadband Network Co., Ltd. was established in 1999. In the past few years, the company has invested more than HK $2 billion to build its own network, which can provide strong basic support for users' broadband and WIFI network construction.。In June 2002, the company was confirmed by Cisco Systems to successfully build the world's largest metro Ethernet network.。

According to HKBN's 2022 Annual Report, the company has a 37% market share in Hong Kong's corporate broadband business and 34% in Hong Kong's residential broadband business.。This time China Mobile is exploring the possibility of its acquisition, no doubt to accelerate the expansion of its existing communications landscape, accelerate the expansion of its 5G applications, mobile cloud, digital content, smart home and other businesses, and continue to stabilize its CHBN customer size and revenue scale.。

Although the A-share new company "market value first" full of confidence, but the acquisition plan to land I am afraid it is not simple, because want to acquire the company, not only China Mobile a.。As early as March 2, Hong Kong Broadband confirmed that it had received an offer from infrastructure investment firm I Squared Capital, which said it would make an offer through its investment firm HGC Global Communications and / or its affiliates.。

In this regard, HKBN has announced that the Board has received a preliminary non-binding letter from I Squared indicating its intention to enter into a transaction involving a potential offer through Global Telecom, that the Company plans to engage in further discussions with I Squared and that it has not yet expressed any position on a possible offer or reached any agreement with a potential offeror.。

On March 15, it was also reported that private equity firm PAG is also interested in acquiring Hong Kong Broadband and is not afraid to bid with I Squared Capital。

At this point, China Mobile's involvement will undoubtedly trigger a bidding war against the company.。It is reported that China Mobile has recently sent a tender proposal request to a small number of banks for professional advice on the acquisition of Hong Kong Broadband.。At present, China Mobile is still listening to the acquisition plan, did not give a formal offer。

With an estimated value of $1 billion, the acquisition of Hong Kong Broadband Networks Limited by China Mobile, if successful, would mark another major breakthrough in the company's business landscape, helping it gain a foothold in Hong Kong, Asia's major financial market.。

Hong Kong Broadband Day up 12 on news.31%, closed at 6.HK $57。