Hong Kong telco SmarTone is making a move for a slice of the territory’s fixed broadband market by offering a home internet service using its 5G cellular network. The operator will charge HKD148 (USD19.10) a month for the fixed-wireless offering, which is around half the amount charged for a 1Gbps fibre connection. The firm says it is targeting customers in areas with poor fixed broadband availability where there is just one existing provider.
Meanwhile, the firm announced its financial results for full-year 2019/20, with underlying profit dropping 24% to HKD440 million due largely to the impact of the COVID-19 epidemic. The firm had 2.7 million mobile subscribers at the end of June 2020. It launched its 5G service in May and now claims coverage of 80% of Hong Kong’s population.