HONG KONG, Aug. 6, 2010 (GLOBE NEWSWIRE) -- Hong Kong Broadband Network Ltd ("HKBN"), a wholly owned subsidiary of City Telecom (HK) Limited (HKSE:1137) (Nasdaq:CTEL), announced the Final Call - Our 100Mbps broadband service at US$13 (HK$99)/month will stop after 31 August 2010.
"Awesome Speed. For Everyone." campaign was launched in 1 November 2009, slashing by 50% our symmetric 100Mbps broadband price to US$13/month (HK$99/month). The success of this campaign has exceeded our expectations, accelerating our growth to a record of 73,000 net additions for the six months to 28 Feb 2010, compared with 75,000 net additions for twelve months to 31 Aug 2009.
Ms. June Lam, Associate Director, Marketing of HKBN, said, "We achieved our goal to make ultra high speed broadband access the mass market norm in Hong Kong. Now its time to move on, so this our Final Call. New customers must have their 100Mbps service installed by 31 August 2010 if they want to get aboard at the promotional US$13/month (HK$99) price point."
For details with appendix, please visit:
http://reg.hkbn.net/ctigroup_admin/files_upload/100806%20PR_FinalCall_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 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 3,000 Talent force into a competitive advantage.
Additional information on City Telecom can be found at www.ctigroup.com.hk.