broadband @ 1gigabit/sec

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    [November 16, 2004]

    HKBN Launches Hong Kong's First 100Mbps and World's First 1Gbps Residential Broadband Services

    HONG KONG, Nov. 16 /Xinhua-PRNewswire-FirstCall/ -- Hong Kong Broadband Network Limited (''HKBN''), a wholly owned subsidiary of City Telecom (H.K.) Limited (Nasdaq: CTEL; Hong Kong Stock Exchange: 1137.HK), is pleased to announce the launch of their symmetric 100Mbps and 1,000Mbps (1Gbps) residential broadband services, branded ''BB100'' and ''BB1000,'' respectively. We believe that BB100 is Hong Kong's first and BB1000 will be the world's first residential broadband service at such high speeds. These service offerings push Hong Kong's broadband market to a new technology pinnacle.

    BB100 Symmetrical 100Mbps Service for HK$268/month (US$35/month)
    We believe HKBN is the first operator in Hong Kong to release BB100 Internet access service providing up to 100 Mbps for both upstream and downstream bandwidth. While being 16 to 155 times faster than the most popular ADSL service currently offered in Hong Kong, HKBN intends to capture all market segments by charging only HK$268/month (US$35/month) for unlimited 100Mbps local and 20Mbps international access. In addition, for the extreme bandwidth users, HKBN will offer a BB100 unlimited option with 100 Mbps local and international access for HK$1,980/month (US$254/month).
    BB1000 1,000 Mbps Service by Second Quarter 2005
    In addition to our 100 Mbps service, we plan to release our BB1000 symmetric 1,000 Mbps (1Gbps) service by the second quarter of 2005. Like BB100, the unique feature of our BB1000 service is that HKBN will be able to deliver this service through its existing Category 5e copper-block wiring connection inherent in its Metro Ethernet 10/100/1000 Mbps progression path. Bypassing the requirement for expensive fiber-direct-to-PC will result in substantial cost savings, which HKBN will partly share with consumers.
    Commenting on the 1,000Mbps service, Ricky Wong, Chairman said, ''HKBN's BB1000 service will effectively be the Autobahn of Broadband access -- on our BB1000 Internet freeway, the only limitation will be the processing speed of the consumers' equipment. BB100 and BB1000 services showcase the inherent bandwidth and cost advantages of HKBN's next-generation network over legacy platforms.''
    For Media enquiries, please contact:

    Jessie Cheng
    City Telecom (H.K.) Limited
    Tel: +852-3145-4118
    Fax: +852-2199-8372
    Email: [email protected]

    For Investor Relations enquiries, please contact:

    NiQ Lai
    City Telecom (H.K.) Limited
    Tel: +852-3145-4710
    Fax: +852-2199-8442
    Email: [email protected]

    City Telecom (H.K.) Limited

    CONTACT: Jessie Cheng, +852-3145-4118, or fax, +852-2199-8372, [email protected]; or NiQ Lai, +852-3145-4710, or fax, +852-2199-8442, [email protected], both of City Telecom (H.K.) Limited
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