HKBN Surpasses 10,000 Symmetric 1Gbps Subscribers
May 23 2011 - 4:15AM
Hong Kong Broadband Network Limited ("HKBN", a wholly-owned
subsidiary of City Telecom (HK) Limited, (HKSE:1137) (Nasdaq:CTEL)
is pleased to announce the surpassing of 10,000 symmetric 1Gbps
broadband subscribers. It is our objective to commoditize bandwidth
and make 1Gbps the mass market norm for Hong Kong. Accordingly, we
have priced our 1Gbps service for the masses at HK$199/month
(US$26), which is amongst the best value in Hong Kong and around
the World.
S. L. Lo, Chief Technology Officer of HKBN said, "We are happy
to see that our innovation is helping to lead Hong Kong into a new
Fibre based ultra-high bandwidth era, with the evolution from
dial-up to broadband to copper based broadband, and now from copper
based broadband to Fibre based ultra-fast broadband. We are proud
to have contribution to Hong Kong being recognized amongst the
Global leaders for bandwidth affordability and availability."
In a report commissioned by The Office of the Telecommunications
Authority of Hong Kong (OFTA), International Tariff Benchmarking
2010 by Strategy Analytics Teligen Tariff & Benchmarking
Service, May 2010, "In terms of individual service basket
comparison, Hong Kong also compares favourably with the other
cities, being the least expensive city for three out of the five
residential services and two out of the three business services
examined. Such low prices are attributable to the fact that Hong
Kong hosts one of the most competitive telecommunications markets
in the world."
Full report is available at:
http://www.ofta.gov.hk/en/report-paper-guide/report/rp20110508.pdf
"The State of the Internet – 4th Quarter, 2010 Report", released
by Akamai, ranks Hong Kong the 2nd for Global Average Connection
Speed at 9.4Mbps, behind Korea at 13.7Mbps, and ranks Hong Kong 1st
for Global Average Peak Connection Speeds at 37.9Mbps. Full report
is available at: http://www.akamai.com/stateoftheinternet/
For full Press Release, please download at :
http://reg.hkbn.net/ctigroup_admin/files_upload/PR_Surpass10K1GbpsSubscribers_E.pdf
About City Telecom/Hong Kong Broadband Network
Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137)
(Nasdaq:CTEL) provides integrated telecommunications services in
Hong Kong via its own self-built fibre network. City Telecom's
wholly-owned subsidiary, Hong Kong Broadband Network Limited
(HKBN), is the fastest growing broadband service provider in Hong
Kong. HKBN offers a diversified portfolio of innovative products
that service over 1,110,000 subscriptions for broadband, local
telephony and IP-TV. The Company has built a solid market position
with top-of-the-line applications and practices enabling it
substantial growth. The company takes great pride in developing its
around 3,000 Talent force into a competitive advantage. Additional
information on City Telecom can be found at www.ctigroup.com.hk
CONTACT: Corporate Communications
Jessie Cheng
Tel: +852 3145 4118
Fax: +852 2199 8372
Email: chengcm@ctihk.com
Investor Engagement
Peggy Chan
Tel: +852 3145 6068
Fax: +852 2199 8655
Email: investor_engagement@ctihk.com
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