CTI to raise USD110 million from bond sale

5 Jan 2005

Fixed line operator City Telecom (CTI) has announced plans to sell USD110 million worth of ten-year bonds. The company is expected to use some of the proceeds to develop a new wireless broadband service based on WiMAX technology, as well as paying off some of its debts and upgrading its fibre-optic backbone.

Hong Kong, Hong Kong Broadband Network (HKBN)