HONG KONG--(BUSINESS WIRE)--Fueled by the success of various disruptive price and service promotions which have driven HKBN Group’s (“HKBN” or the “Group”) industry-leading 22% year-on-year growth in revenue to a record high HK$1,868 million and 23% year-to-year growth in EBITDA to HK$594 million for 1H2018 results, HKBN announced today that it will allow customers of HGC Global Communications’ (“HGC”) residential and enterprise services to also enjoy HKBN’s unprecedented switch-over offer. Effective immediately, customers of HGC enterprise service who switch and use designated corresponding service(s) from HKBN Enterprise Solutions Limited (“HKBNES”) will be eligible to take up to 50% off their HGC monthly fees, valid on a 24 month contract basis. In addition, switching customers can also enjoy designated HKBNES mobile services at an unbelievable 50% discount1. Plus, customers of HGC home broadband who make the switch to HKBN home broadband service will enjoy FREE 12 months of fibre broadband with the installation fee waived1!
This unprecedented special offer is provided to customers switching to HKBN from HGC’s varied enterprise services, including Business Broadband Service, Data Service, Voice Service, Unified Communications Service and/or Data Centre Service. Simultaneously, the current up to 50% off switching offer period for WTT customers will also be extended.
William Yeung, Co-Owner and Group CEO of HKBN said, “Following on the success made by our WTT switching offer, it’s time we extend our attacking arena to also allow HGC customers to benefit from our world-class service. Compared to our competitors, we offer fixed + mobile services, whilst they don’t; this is our LUCA (Legal Unfair Competitive Advantage). We will continue to leverage our LUCA and accelerate our presence in both the residential and enterprise markets.”
NiQ Lai, Co-Owner and Group COO of HKBN said, “We are here to serve the underserved. Our new HGC switch-over offers are breakthrough offerings that have never been available before. Our recent results demonstrate that in slashing prices, price elasticity drives up our total revenue gains, and given our currently small base in enterprise, we’re set to gain market share. We expect our enterprise business to be a primary growth driver towards reaching our aspirational Co-Ownership 3 targets of between HK$2.1 to HK$2.4 adjusted available cash per share for distribution.”
Billy Yeung, Co-Owner and COO of HKBNES said, “With the successful integration of the former New World Telecom network, we are now flush with excess capacity from the HK$3.5 billion gross value of assets that we purchased for 20 cents on the dollar. We are now ready to unleash this excess idle capacity for the benefit of Hong Kong enterprises.”
To learn more about the enterprise offer, please call the hotline 1281111 or visit https://www.hkbnes.net/en/50offswitchingoffer.
For details about the residential offer, please call 3498 3498 or visit https://apply.hkbn.net/broadband/coverage.sc?lang=en¶mName=HGCF12 (registration starts noon time tomorrow noon).
About HKBN Group
HKBN Group is Hong Kong’s largest provider of residential high speed fibre broadband (symmetrical 100Mbps to 1,000Mbps) services by number of subscriptions, and a fast growing enterprise solutions provider. The Group offers a full range of telecommunications solutions for both the residential and enterprise markets, encompassing broadband and Wi-Fi network services, cloud solutions, data connectivity, data facilities, system integration, mobile services, entertainment and voice communications. HKBN owns an extensive fibre network in Hong Kong, which covers over 2.2 million residential homes passed, representing approximately 81% of Hong Kong’s total residential units, and more than 2,300 commercial buildings. HKBN embraces “Make our Hong Kong a Better Place to Live” as its core purpose, and takes great pride in developing its Talents into a competitive advantage. The Group is managed by over 300 Co-Owners who have invested their own savings to buy shares of HKBN Ltd. (SEHK Stock Code: 1310), representing the majority of supervisory and management level Talents in the Group. HKBN Group is part of HKBN Ltd.
Issued by HKBN Group
1 Terms and conditions apply.