HKBN reaches 10,000 symmetric 1Gbps broadband subscribers

25 May 2011

High speed fibre broadband provider Hong Kong Broadband Network (HKBN), part of Hong Kong-based City Telecom, has announced that it has signed up a total of 10,000 customers to its premium symmetric 1Gbps broadband packages. TeleGeography’s GlobalComms Database notes that HKBN signed up a total of 551,000 fixed broadband subscribers by the end of March 2011, up by 25,000 in six months, with the company targeting a total base of 600,000 high speed accounts by September this year. The most recent announcement begs the question – ‘why not more 1Gbps users?’ – as the super-high speed service is priced at HKD199 (USD26) per month for residential customers, which sounds almost ludicrously reasonable to observers in most countries, but it seems that HKBN’s previous offer of a perfectly-adequate 100Mbps (symmetric) standalone broadband service proved too tempting, at less than half the cost of the top-tier package, HKD99 per month, up until 1 September 2010. On that date it raised the 100Mbps package price from HKD99 per month to HKD169 per month to improve profitability.

Hong Kong, Hong Kong Broadband Network (HKBN)