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(Bloomberg) -- HKBN Ltd. shares jumped after China Mobile Ltd. made a takeover bid that values the Hong Kong broadband provider at about HK$6.86 billion ($882 million), pushing forward with a ...

China Mobile , the world's biggest wireless carrier by users, is moving closer to a deal to take over Hong Kong broadband company HKBN after rival bidder I Squared Capital dropped out of the race ...

China Mobile Communication Co., the parent of the nation’s leading mobile operator, has invested in the handset company, Honor said in a statement emailed to Bloomberg News.

As such, China Mobile's Hong Kong subsidiary confirmed it will retire the network on June 30, 2025. – Getty Images. ... or SIM cards since the last quarter of 2023," the company said in a statement.

I Squared's departure from the bidding race for HKBN comes weeks after China Mobile acquired a 15.5% stake in the company in April from existing shareholder TPG. ($1 = 7.8288 Hong Kong dollars) ...