Changing the Rules of the Game - City Telecom Presentation Preview at Broadband World Forum 2011, Paris
September 26 2011 - 7:11AM
City Telecom (H.K.) Limited's (HKSE:1137) (Nasdaq:CTEL) CEO, Mr.
William Yeung, will give a Keynote Presentation in the Broadband
World Forum, Paris at 10.30am, Thursday, 29th September 2011. Below
is an extract from a prelude Q&A session:
Question: Is there a genuine demand for faster speeds such as
100Mb and beyond for consumers and how is user demands
changing?
Answer: "Many operators get distracted by the 'chicken or egg?'
quandary and as such are not sure if there is demand for 1Gbps
services. Hence they do not dare to invest. Conversely, in a
similar fashion to how Apple creates new demand with its category
defining products, we are out to create new demand with our
residential 1Gbps priced at US$26/month.
"In the US, it's a case of overpricing the egg. For example, we
read that the 1Gbps service is available in Chattanooga but priced
at US$350/month, resulting in very limited demand. For us in Hong
Kong, are taking a different approach by selling a Porsche 911
Turbo (1Gbps service) at or below the cost of a Toyota Corolla
(8Mbps xDSL service). Therefore we are turning the consumer
question from the legacy "Why do I need 1Gbps?" to a new age, "Why
am I still using a legacy xDSL service?" … William Yeung, CEO,
HKBN.
For the interview details, please visit the link below:
http://broadbandworldforum.com/speaker-interviews/william-yeung-interview/
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 fiber 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 its
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: For Enquiries, please 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
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