After HKTV's application for a free-to-air licence was rejected in October, tens of thousands of people marched on the streets to protest against the decision. But in December, HKTV owner Ricky Wong Wai-kay announced the station would be launched as a mobile service. It bought China Mobile Hong Kong for HK$142 million to provide a platform to air its programmes.
Now that deal is under threat after China Mobile announced it would investigate the takeover. The announcement has sent HKTV's share price tumbling.
Analysts believe it may be a political move from the mainland government. Charles Peter Mok, an information technology lawmaker, said that he couldn't believe the state-owned China Mobile hadn't considered all factors before agreeing to the deal in December.
Professor Anthony Fung Ying-him, director of Chinese University's school of journalism and communication, suggested there may be disagreements about the deal on the mainland. "It's impossible that the parent company was not aware of the deal its subsidiary made. The announcement perhaps indicates that there's differing opinions [internally] about the decision," he said.
Commentator Johnny Lau Yui-siu said that the move is yet another example of Beijing's contradictory approach to Hong Kong. He said the move is probably a sign that conservatives on the mainland want to show they are unhappy about the sale.
Without a broadcasting licence, HKTV aired its first production on YouTube last June. The first episode of Police Boundaries received more than 1.2 million views.
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- Chief Executive Leung Chun-ying has always had his reasons. He had his reasons for having illegal structures at his home, to develop the northeastern part of the New Territories, and now he has his reasons for rejecting HKTV's application for a licence