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China Mobile (HK) to obtain goodwill from network acquisitions

BEIJING—China Mobile (Hong Kong) will reap goodwill of around 40.3 billion yuan (US$4.87 billion) following the pending acquisition of eight provincial mobile networks from parent China Mobile Communications. China Mobile (HK) will pay US$8.57 billion for the networks.

The company plans to amortize the goodwill over a 20-year period.

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