HONG KONG, Sept. 6, 2011 (GLOBE NEWSWIRE) -- Hong Kong Broadband Network Limited ("HKBN," a wholly-owned subsidiary of City Telecom (HK) Limited) (HKSE:1137) (Nasdaq:CTEL) is celebrating the arrival of our Fibre service in Discovery Bay. With over 1.93 million home pass by our Fibre to the Home or Building (FTTH/B), HKBN operates the largest residential Fibre network in Hong Kong Note 1.
Discovery Bay is a mixed use resort living environment situated on the north-eastern coast of Lantau Island, about 2 km west of Hong Kong Disneyland Resort. It has a population of around 16,000 residents, with a sizeable community of expatriates from around the World.
Ben Hui, Mini-CEO for Discovery Bay, states, "We are happy to deliver a fresh air of choice for World Class Telecom services to the residents of Discovery Bay. Even with just the soft launch of our services in the past weeks, we have seen a very warm embrace by the local community."
If you are a resident of Discovery Bay interested in our service, we will welcome your call to our dedicated registration hotline for Discovery Bay residents: 3613-8888
Link below is a summary of our Discovery Bay Project.
http://reg.hkbn.net/ctigroup_admin/files_upload/DBaySummary.pdf
Note 1:
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Per PCCW 1H FY2011 Interim Results Presentation, dated 12 August 2011, Slide 28, it has 80% of Hong Kong households with FTTH/B. Assuming 2.35 million households, this equates to 1.88 mn homes pass.
http://www.pccw.com/staticfiles/PCCWCorpsite/About%20PCCW/Investor%20Relations/Financial%20Results/2011/2011%20interim%20resul.pdf -
Per Hutchison Telecom 1H FY2011 Interim Results Presentation, dated 1 August 2011, Slide 12, it has 1.5 million+ FTTH/B coverage.
http://www.hthkh.com/eng/ir/presentation/pre110801.pdf
For the full Press Release, please download at : http://reg.hkbn.net/ctigroup_admin/files_upload/DB_PR_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 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.