HONG KONG, Nov. 1, 2009 (GLOBE NEWSWIRE) -- Hong Kong Broadband Network Ltd ("HKBN"), a wholly owned subsidiary of City Telecom (HK) Limited (HKSE:1137) (Nasdaq:CTEL), today announces breakthrough "AWESOME SPEED. FOR EVERYONE" -- 100Mbps broadband service at US$13/month (HK$99/month).
Some cars earn "SuperCar" status by their sheer performance but are priced beyond the mass. At HKBN, we have shattered this affordability barrier by delivering a "SuperCar" class symmetric 100Mbps broadband service at a mass market price. Anyone who stays within our 1.62 million households' network coverage, including all our existing 391,000 broadband users, are eligible to invite a friend to join our bb100 service for 24 months for price of HK$99 (US$13)/month each.
At this monthly fee level, the cost per Mbps for HKBN's 100Mbps broadband service is just US$0.06 (HK$0.50), which is AWESOME World Class leading value. Furthermore, with our unique Speed Guarantee of 80% local bandwidth and unparalleled performance in massively multiplayer online role-playing games, we are delivering on one of our core purposes "To experience the joy of advancing and applying telecommunications technology for the benefit of the public."
Mr. William Yeung, Chief Executive Officer of HKBN said, "With at least 32% of Internet users in Hong Kong still suffering from broadband services below 10Mbps, Hong Kong is lagging behind Korea and Japan in terms of Fibre-To-The-Home's Penetration, and is only classed as "Comfortably enjoying today's applications" in terms of Broadband Development. Being the second largest broadband service provider, we have a duty to improve Hong Kong's Global standings. Given our exceptional word-of-mouth, our launch of 'AWESOME SPEED. FOR EVERYONE' is not just about competition, but also dedicated to applying telecommunications technology for the benefit of public, making Ultra High Speed Broadband Access the norm in Hong Kong."
For video highlights of Hong Kong Press event, with full Television Campaign, please refer to www.youtube.com.hk/HKBNatUtube
For details of the press release, please refer to: http://reg.hkbn.net/ctigroup_admin/files_upload/PR_MGM_E99.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. City Telecom's wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is in the process of expanding its Next Generation Network from approximately 1.62 mn to 2.00 mn homes pass. HKBN has achieved an aggregate Voice, Broadband (symmetric 25Mbps up to 1Gbps) and IP-TV services base in excess of 943,000 subscriptions. Additional information on City Telecom can be found at www.ctigroup.com.hk.