Regulating M&A in the Hong Kong telecom sector

Freshfields partner Connie Carnabuci examines the impact of Hong Kong''s new bill regulating M&A in the telcoms sector.

On 15 May 2002, a bill regulating mergers and acquisitions in the telecommunications market was presented to the Legislative Council in Hong Kong. This new bill will amend the Telecommunications Ordinance by granting the Telecommunications Authority TA the power to order a carrier licensee to act to eliminate any actual or likely anti-competitive effects of a change in its ownership or control.

Who will be affected

At first glance, the bill will only apply to carrier licensees, which include

  • local fixed telecommunications network services operators
  • TV broadcasters who own or operate
  • telecommunications transmission facilities
  • external fixed telecommunications network services operators
  • mobile operators
  • satellite operators

However, the scope of the bill is far wider, as it...

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