BMI View: We downgraded our forecasts for fixed broadband internet subscriptions in the Q4 2013 update, as the market continued its trend of decline started in September 2012. We do not believe this is a long-term story as Hong Kong’s fibre broadband is crucial given the territory’s position as a financial hub. Hong Kong’s telecommunications market, particularly the mobile sector, is one of the most dynamic and mature in the Asia Pacific region. Mobile subscriber numbers have long passed the 200% penetration mark and the latest data from operators and the regulator show continued growth. There are some concerns in …
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