HKBN launches 1Gbps cut price residential broadband

8 Jul 2010

Hong Kong Broadband Network (HKBN), a wholly-owned subsidiary of City Telecom, has launched a symmetric 1Gbps broadband service priced at USD26 a month. Alcatel-Lucent has provided HKBN with its gigabit passive optical network (GPON) solution, allowing HKBN to offer what it describes as amongst the world’s best ‘value for money’ broadband deals. The new service is targeted at the residential market, and Ivan Tam, CTO of HKBN said: ‘Alcatel-Lucent’s GPON solution enables us to offer affordable broadband services on a mass-market scale, while readying our network for future demands, driven by super high-definition and 3D interactive multimedia applications.’

According to the latest figures from the Office of the Telecommunications Authority (OFTA) in Hong Kong, residential broadband penetration has reached 81.4%, amongst the highest in the world; HKBN has in the region of 1.027 million subscribers to its broadband, local telephony and IPTV services and claims to be the fastest growing broadband service provider in the SAR.

Hong Kong, Hong Kong Broadband Network (HKBN)