China Mobile Ltd. $600941.SS, the state-owned telecommunications giant, is encountering headwinds in its nearly HK$7.8 billion (approx. USD 996 million) acquisition attempt for Hong Kong-based broadband provider HKBN Ltd. $1310.HK. Despite recent reports suggesting that the deal was close to conclusion, HKBN’s management has indicated that the offer may be insufficient, and the company remains open to rival bidders.