City Telecom (H.K.) Limited (abb. CTI) was a Hong Kong telecommunications group that was established in 1992. It was a provider of

fixed line A landline (land line, land-line, main line, home phone, fixed-line, and wireline) is a telephone connection that uses metal wires or optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses ...

, international direct dialing services, and later an

internet service provider An Internet service provider (ISP) is an organization that provides services for accessing, using, or participating in the Internet. ISPs can be organized in various forms, such as commercial, community-owned, non-profit, or otherwise private ...

, via a subsidiary and brand

Hong Kong Broadband Network HKBN Ltd., commonly known for its subsidiary Hong Kong Broadband Network Limited (), is a Hong Kong-based Internet, communication and telecommunication company. HKBN was established on 23 August 1999, it is one of the largest residential and en ...

. After selling its main business, the parent company was renamed to

Hong Kong Television Network Hong Kong Technology Venture Company Limited (HKTV, ) is a Hong Kong-based technology company primarily known for its e-commerce platform and once had plans to become a television station. HKTV currently provides an over-the-top shopping and e ...

in order to attempt to enter the

free-to-air television Free-to-air (FTA) services are television (TV) and radio services broadcast in unencrypted form, allowing any person with the appropriate receiving equipment to receive the signal and view or listen to the content without requiring a subscriptio ...

market of Hong Kong.

History

CTI established a wholly owned subsidiary,

(HKBN), in 1999 to provide fixed telecom network services. It provided residential broadband Internet access, telephony, IP-TV and corporate data services with their self-built Metro Ethernet IP network. Since their establishment, the Group aggressively marketed itself and its services to capitalize on the growth and deregulation of the Hong Kong telecommunications market. HKBN is the first ISP to deploy Fibre-To-The-Home (FTTH) in the local residential market in September 2007 while the other competitors still predominantly use copper wires for their last mile. City Telecom was listed on the Hong Kong Stock Exchange (Stock Code: 1137) in August 1997 with an ADR Listing on the Nasdaq National Market (Ticker Symbol: CTEL) in the US in November 1999. In addition to the operations in Hong Kong, the Group also had branch offices in Canada and Guangzhou, China. In May 2012, CTI sold to CVC Capital Partners its telecommunication businesses, including its long-distance calling services in Hong Kong and Canada, as well as its internet services provided by HKBN. In 2013, the group subsequently renamed itself

in an eventually failed bid to enter the

industry.

Former subsidiaries

References

External links

CTI Group HomepageCTI International Telecommunications Services
{{Use dmy dates, date=June 2011 Companies formerly listed on the Hong Kong Stock Exchange Telecommunications companies of Hong Kong Internet service providers of Hong Kong