City Telecom slashes fixed line tariffs to keep pace with PCCW

1 Mar 2005

The fixed line telecoms arm of City Telecom, Hong Kong Broadband Network (HKBN), has shaved 19% off its fixed line standing charge in a bid to counter moves made by PCCW to win back its customers. Since being awarded a new wireline licence last year, PCCW has been using its newly gained autonomy to set low tariffs designed to woo customers away from alternative providers. It currently offers new customers a 24 month contract under which they pay nothing for the first six months and HKD88 per month thereafter. PCCW has a market share of around 70% (2.1 million users), while HKBN has around 260,000 fixed line subscribers.

Hong Kong, Hong Kong Broadband Network (HKBN)