China Mobile explores acquiring Hong Kong telecom firm HKBN: report

China Mobile explores acquiring Hong Kong telecom firm HKBN: report

FILE PHOTO: A sign of China Mobile is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo

State-owned China Mobile Ltd is exploring a potential buyout of Hong Kong’s leading telecoms company HKBN Ltd, which is currently valued at $1 billion, four people with knowledge of the matter said.