Hong Kong’s competition watchdog has accepted commitments by China Mobile Hong Kong regarding its proposed acquisition of broadband provider HKBN Ltd. and won’t pursue an investigation, clearing the way for the merger to proceed.
The planned deal, announced by China Mobile Hong Kong in December, was scrutinized by the Communications Authority under the Competition Ordinance because of its potential impact on market competition. The authority conducted an assessment and identified concerns, particularly regarding the fixed local access network, which could have been negatively affected by the acquisition.