M1 and HKBN Sign MoU to Participate in Singapore's National Broadband Network Project
February 09 2007 - 4:15AM
PR Newswire (US)
HONG KONG, Feb. 9 /Xinhua-PRNewswire-FirstCall/ -- MobileOne Ltd
(M1) and Hong Kong Broadband Network Ltd (HKBN), a wholly owned
subsidiary of City Telecom (HK) Limited (NASDAQ:CTEL), have
announced that they have signed a Memorandum of Understanding (MoU)
to work together to participate in Singapore's Next Generation
National Broadband Network (NBN) project. Pursuant to the MoU, M1
and HKBN have responded to the invitation by the Infocomm
Development Authority of Singapore (IDA) to participate in the Pre-
Qualification Exercise and Competitive Dialogue (IPCD) for the NBN
project. Their joint response was submitted to IDA this morning.
"The National Broadband Network is an excellent initiative by the
government to create a comprehensive world-class broadband
infrastructure for Singapore. Its desired outcome of providing
nationwide ultra-high speed broadband coverage at competitive and
affordable prices will spur adoption of high speed broadband
services. We fully support these objectives and see opportunities
for M1 in this initiative to develop new areas of growth beyond our
existing wireless business," said Neil Montefiore, Chief Executive
Officer of M1. "Since inception, HKBN has relied on innovation and
entrepreneurial spirit to successfully compete against better
established operators, such that we are now the largest alternative
end-to-end telecom operator in Hong Kong. Currently, our network
supports a wide range of affordable symmetric broadband services up
to 1Gbps, which is based on an optimised combination of both
Fibre-to-the-Home ("FTTH") and Fibre-to-the-Building ("FTTB")
connections. Surging demand for bandwidth proves that high speed
broadband service is nowadays a necessity for work and play. More
importantly, our established track record of lowering costs for
network rollout thus bringing consumer benefits matches perfectly
with the objectives of the Singapore NBN project," said Ricky Wong,
Chairman of HKBN. Note to Editors The Next Generation National
Broadband Network is part of the Singapore Government's 10-year
infocomm masterplan that will transform the country into an
Intelligent Nation and Global City, powered by infocomm. For more
details, please visit http://www.in2015.sg/ Please download full
release at http://www.ctihk.com/ . For enquiries, please contact:
Ms Jessie Cheng Tel: +852-3145-4118 Email: DATASOURCE: City Telecom
(HK) Limited CONTACT: Ms Jessie Cheung, Public Relations Manager of
City Telecom (H.K.) Limited, +852-3145-4118, Web site:
http://www.ctihk.com/ http://www.in2015.sg/
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