HONG KONG, June 2, 2011 (GLOBE NEWSWIRE) -- Hong Kong Broadband Network
Limited ("HKBN"), a wholly-owned subsidiary of City Telecom (HK)
Limited, (HKSE:1137) (Nasdaq:CTEL) announced the launch of our
Incredible Triple-Play offer for 1Gbps broadband, voice, and pay-TV for
US$20/month (HK$158) with 24-month contract.

At HKBN, we are benefiting from rapidly increasing economies of scale
as the market embraces our World leading 1Gbps service. With our costs
falling, we are pleased to be able to pass on savings to our customers
and make money for our shareholders. Our cost per home pass of
approximately US$200 is amongst the lowest in the World which empowered
us to increase our Return on Equity from 3.2% in FY2007 to 19% in 1H
FY2011, whilst offering amongst the best value in the World to
customers.

Furthermore, we were very encouraged by the incumbent's recent high
profile launch of its Fibre-To-The-Home (FTTH) 200Mbps plus WiFi
service in Public Housing estates for HK$165. We are pleased to be
working together with the incumbent to turn Hong Kong into a Global
leader for FTTH, closing out the legacy copper based xDSL era.

Ms. June Lam, Associate Director of Marketing, HKBN said, "We are
ecstatic to be pioneering the mass take-up of Fibre-To-The-Home. Today,
our 1Gbps coverage already surpasses over 1 million households and we
are working hard to approach 2 million households coverage by end 2011.
As with all new technologies, take-up accelerates once a certain
inflection point of acceptance is reached, and we believe that Hong
Kong is now at that inflection point."

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: 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