Hong Kong Cannot Afford VOIP Development to be Delayed - International Competition Threat is Looming HONG KONG, Sept. 13 /Xinhua-PRNewswire-FirstCall/ -- Hong Kong Broadband Network Limited ("HKBN", wholly owned subsidy of City Telecom (HK) Limited, Nasdaq: CTEL, HKSE:1137.HK) believes that any responsible company should not selectively retard innovations such as VOIP and deprive consumers' rights for choice and value, solely to protect legacy business concerns. Indeed, as experienced by the development of the Internet industry, such a delay in industry acceptance could lead to severe consequences for our region. Recently, Hong Kong's incumbent telecom operator has issued unsolicited blast emails and letters to its captive broadband customers, raising gratuitous "concerns" over the use of certain "Residential VOIP Broadband Phone Services". As the telecom hub of Asia, Hong Kong is renowned for its leadership in the deployment of advanced and new technologies. As Voice-Over-Internet- Protocol (VOIP) is a global trend, we urge the Hong Kong telecom industry as a whole to uphold our joint responsibility to propel this technology advancement for the benefit of the Hong Kong community. For the betterment of Hong Kong, HKBN is of the view that the development of VOIP cannot, and should not be retarded. We wish that the Hong Kong industry can work together and embrace this global challenge rather then hide in the comfort of legacy business models. To remain as the telecom hub of Asia, Hong Kong cannot afford for VOIP to be delayed as International competition for VOIP is looming. This is a short extract of the full press release, please download full press release with Appendices from http://www.ctihk.com/ Appendix-1: Global VOIP Developments Appendix-2: Clarification of Issues Raised on Broadband Phone Service Appendix-3: Obligation-Free "Try It Yourself" Offer Appendix-4: Broadband Phone Set-Up About City Telecom Established in 1992, City Telecom (H.K.) Limited (SEHK:1137SEHK:NASDAQ: CTEL) provides integrated telecommunications services in Hong Kong. CTI's wholly owned subsidiary, Hong Kong Broadband Network Limited (HKBN), has deployed the World's Largest Metro Ethernet network of 1.2 mn homes passed to date, with committed expansion plans to 1.6 mn homes (approximately 75% of total homes in Hong Kong). To date, HKBN has achieved an aggregate Voice, Broadband and Pay-TV base in excess of 465,000 subscriptions. Additional information on City Telecom can be found at http://www.ctihk.com/ Contact: Jessie Cheng Tel: +852-31454118 NiQ Lai Tel: +852-31454710 DATASOURCE: Hong Kong Broadband Network Limited CONTACT: Jessie Cheng, +852-31454118, ; NiQ Lai, +852-31454710, , all of City Telecom

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