和记电讯出售固网业务是好买卖吗
<p><span word="The">The</span> <span word="market">market</span> <span word="for">for</span> <span word="mobile">mobile</span> <span word="telecoms">telecoms</span> <span word="promises">promises</span> <span word="growth">growth</span> <span word="but">but</span> <span word="teems">teems</span> <span word="with">with</span> <span word="competition">competition</span>. <span word="So">So</span> <span word="infrastructure">infrastructure</span> <span word="investors">investors</span> <span word="are">are</span> <span word="increasingly">increasingly</span> <span word="pegging">pegging</span> <span word="their">their</span> <span word="hopes">hopes</span> <span word="on">on</span> <span word="the">the</span> <span word="greater">greater</span> <span word="stability">stability</span> <span word="of">of</span> “<span word="wired">wired</span>” <span word="broadband">broadband</span> <span word="businesses">businesses</span>. <span word="An">An</span> <span word="example">example</span>: <span word="I">I</span> <span word="Squared">Squared</span> <span word="Capital">Capital</span> <span word="has">has</span> <span word="agreed">agreed</span> <span word="to">to</span> <span word="buy">buy</span> <span word="HGC">HGC</span>, <span word="the">the</span> <span word="fixed">fixed</span>-<span word="line">line</span> <span word="subsidiary">subsidiary</span> <span word="of">of</span> <span word="Li">Li</span> <span word="Ka">Ka</span>-<span word="shing">shing</span>’<span word="s">s</span> <span word="Hutchison">Hutchison</span> <span word="Telecom">Telecom</span>, <span word="for">for</span> <span word="HK">HK</span>$14.5<span word="bn">bn</span> ($1.9<span word="bn">bn</span>). <span word="Shares">Shares</span> <span word="in">in</span> <span word="Hong">Hong</span> <span word="Kong">Kong</span>-<span word="listed">listed</span> <span word="Hutchison">Hutchison</span> <span word="jumped">jumped</span> 6.8 <span word="per">per</span> <span word="cent">cent</span> <span word="to">to</span> <span word="two">two</span>-<span word="year">year</span> <span word="highs">highs</span>.</p><p>移动通讯市场增长潜力巨大，但竞争激烈。因此，基础电讯设施投资者越来越多地寄希望于更稳定的“有线”宽带业务。一个例子是：<span word="I">I</span> <span word="Squared">Squared</span> <span word="Capital">Capital</span>已同意以145亿港元（合19亿美元）的价格，收购李嘉诚(<span word="Li">Li</span> <span word="Ka">Ka</span>-<span word="shing">shing</span>)旗下和记电讯香港(<span word="Hutchison">Hutchison</span> <span word="Telecommunications">Telecommunications</span> <span word="HK">HK</span>)的固网电讯业务子公司——和记环球电讯(<span word="HGC">HGC</span>)。香港上市的和记电讯股价上涨6.8%，至两年高点。</p><p><span word="Online">Online</span> <span word="TV">TV</span> <span word="offerings">offerings</span> <span word="have">have</span> <span word="helped">helped</span> <span word="demand">demand</span> <span word="for">for</span> <span word="broadband">broadband</span> <span word="connections">connections</span> <span word="delivered">delivered</span> <span word="through">through</span> <span word="fixed">fixed</span> <span word="lines">lines</span>. <span word="The">The</span> <span word="International">International</span> <span word="Telecommunications">Telecommunications</span> <span word="Union">Union</span> <span word="estimates">estimates</span> <span word="the">the</span> <span word="number">number</span> <span word="of">of</span> <span word="fixed">fixed</span> <span word="broadband">broadband</span> <span word="customers">customers</span> <span word="grew">grew</span> 11 <span word="per">per</span> <span word="cent">cent</span> <span word="to">to</span> 884<span word="m">m</span> <span word="in">in</span> <span word="the">the</span> <span word="year">year</span> <span word="to">to</span> 2016. <span word="The">The</span> <span word="Asia">Asia</span>-<span word="Pacific">Pacific</span> <span word="region">region</span> <span word="is">is</span> <span word="half">half</span> <span word="the">the</span> <span word="total">total</span>, <span word="and">and</span> <span word="grew">grew</span> <span word="faster">faster</span>.</p><p>在线电视节目提升了对通过固网提供的宽带连接的需求。国际电信联盟(<span word="ITU">ITU</span>)估计，2016年，固网宽带用户数量增长11%，至8.84亿。亚太地区占总数的一半，且增长更快。</p>
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