HKBN Launches 1Gig Residential Service

HONG KONG -- Hong Kong Broadband Network Limited (“HKBN”), a wholly owned subsidiary of City Telecom (H.K.) Limited (NASDAQ: CTEL and Hong Kong Stock Exchange: 1137.HK), is pleased to announce the launch of our symmetric 100Mbps and 1,000Mbps (1Gbps) residential broadband services, branded “BB100” and “BB1000”, respectively. We believe that BB100 is Hong Kong’s first and BB1000 will be the world’s first residential broadband service at such high speeds. These service offerings push Hong Kong’s broadband market to a new technology pinnacle.

“Yahoo BB in Japan was the first telecom operator to introduce residential 100Mbps broadband service and Japan is still the only country in Asia that has commercial deployment of residential 100Mbps services. Hong Kong, despite being considered to be the telecom hub of Asia, has yet to launch similar services. We believe HKBN’s launch of our 100Mbps and 1,000Mbps will be firsts in Hong Kong and the world, and are a direct result of our mission to be a technology pioneer,” said Ricky Wong, Chairman of HKBN. Commenting on the 1,000Mbps service, Ricky Wong said, “HKBN’s BB1000 service will effectively be the Autobahn of Broadband access – on our BB1000 Internet freeway, the only limitation will be the processing speed of the consumers’ equipment. BB100 and BB1000 services showcase the inherent bandwidth and cost advantages of HKBN’s next-generation network over legacy platforms.”

Hong Kong Broadband Network Ltd. (HKBN)