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Hong Kong Broadband Network Limited was founded on 23 August 1999 as a unit of City Telecom by Ricky Wong Wai-kay as the first operator to launch "triple-play" (Internet broadband, telephony, IP-TV services) on single network in Hong Kong, as well as the first service provider of residential broadband, with speed ranged from 100 Mbit/s to 1000 Mbit/s.
Ricky Wong was instrumental to the introduction of callback IDD service to Hong Kong. In the early 90s, IDD was a luxurious service in Hong Kong, costing HK$12 (USD1.5) per minute and was monopolised by Hong Kong Telecom. At the time Ricky Wong migrated to Canada, where the Canadian Government liberalised the telecom market using callback ...
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HKBN was 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 ...
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Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...