Business Excellence Feature -- "Networking Hong Kong"
November 03 2010 - 2:14AM
City Telecom (H.K.) Limited, (HKSE:1137) (Nasdaq:CTEL)
City Telecom was recently interviewed by Business Excellence
http://www.bus-ex.com/ and featured in their November 2010
publication. Business Excellence is a one-source portfolio of
news, features, blogs, videos and newsletters featuring excellence
across different industries. Below is an extract from the
feature:
"Telecoms incumbents instinctively avoid commoditisation of
bandwidth, he says, preferring to add value by developing sexy
content and other applications. City Telecom takes the
diametrically opposite view. "A commodity business is a great place
to be if you are the lowest cost provider. We want to collapse
bandwidth pricing and commoditise it to unbelievably low prices
whereby 1,000 Mbps becomes the industry norm for the mass
residential market. We did this with callback in the 1990s and made
lot of money doing it; we want to do it again with fibre. The rest
of the industry can't understand how we run this company. We are
paranoid about change, which is why we are constantly
changing."
For the full article is available for download at
http://reg.hkbn.net/ctigroup_admin/files_upload/PRNetworkingHongKong.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 fibre 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 1,027,000 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 it
substantial growth. The company takes great pride in
developing its over 3,000 Talent force into a competitive
advantage. Additional information on City Telecom can be found at
www.ctigroup.com.hk.
CONTACT: City Telecom
Corporate Communications
Ms. Jessie Cheng
+852 3145 4118
Fax: +852 2199 8372
chengcm@ctihk.com
Investor Engagement
Ms. Peggy Chan
+852 3145 6068
Fax: +852 2199 8655
investor_engagement@ctihk.com
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