Hong Kong Television Network soars after securing spectrum for mobile TV


Hong Kong Television Network (HKTV +39.4%) shares rocket after the broadcaster secures spectrum from a unit of China Mobile for HK$142.2M ($18.3M) with the intention of using the asset to offer mobile TV services.

Barclays' Joyce Zhou noted that the move "suggests [HKTV] will continue to operate in the Hong Kong television market." The company was denied a free TV license in Oct., a move that led to protests by tens of thousands. The company will resume content production and begin distribution through mobile channels, with 3-5 channels planned.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs