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Celebration Time!... HK's Largest Residential Fibre Network Now Available in Discovery Bay
GlobeNewswire 2011-09-06
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 homes passing 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:
-- 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.
CONTACT: Hong Kong Broadband Network Limited
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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