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HKBN and TGT Bolster Strategic Cooperation

2017-07-05 16:40
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Accelerating Network Expansion and Service Offerings to Seize Market Opportunities

HONG KONG, July 5, 2017 /PRNewswire/ -- HKBN Group ("HKBN") and Towngas Telecom ("TGT") announced today that they will further bolster their strategic cooperation to increase their presence and service offerings in both residential and corporate telecom markets. Through their two joint ventures, namely, BROADBANDgo and TGgo, HKBN and TGT will expedite expansion of their fibre network coverage and enhance their cloud solution offerings.

Leveraging HKBN's fibre and Wi-Fi technology expertise and TGT's infrastructure coverage advantage, BROADBANDgo allows tenants of designated residential properties to enjoy outstanding, great-value Internet connectivity. As this partnership advances, BROADBANDgo will also expand fibre network coverage to low-density and remote residential areas. It is anticipated that many households currently not covered by the fibre networks of HKBN and TGT will benefit from BROADBANDgo's service.

Supported by HKBN's robust sales channels and TGT's specialisation in advanced cloud computing services, TGgo offers one-stop cloud-based solutions that include Infinite Server, Infinite Backup and GOEZ!, helping businesses largely minimise their upfront investment costs and streamline application deployment processes. Looking ahead, TGgo will continue to develop top-notch cloud solutions such as cloud storage, virtual desktop and site recovery to meet the evolving needs of different industries and HKBN Enterprise Solutions customers.

HKBN CEO and Co-Owner William Yeung said, "Our strategic partnership with TGT demonstrates what's possible when two innovative leaders join hands to achieve a dual-win situation. We are geared up to capture more business opportunities in both the residential and corporate markets, bringing customers best-in-class telecom solutions at highly competitive prices."

Head of Telecommunications Business of Towngas Group and TGT General Manager Joseph Lai said, "I sincerely hope that we can collaborate in bringing more innovative services to our customers while at the same time helping the industry to foster. Especially the all-in-one cloud services GOEZ! for SME and catering industry, offering a simple and satisfying business operating experience with our high speed Internet and other business applications, just like what ancient Chinese saying the 'Seven Necessities' to begin a day. And today's announcement represents another important milestone in the growth of our business in the telecom and cloud area."

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 around 340 Co-Owners who have invested their own savings to buy HKBN shares, representing the majority of supervisory and management level Talents in the Group. HKBN Group is part of HKBN Ltd. (SEHK Stock Code: 1310).

About Towngas Telecommunications Company Limited (TGT)

Founded in 2004, TGT is a wholly owned subsidiary of The Hong Kong and China Gas Company Limited (Towngas). Adopting the company's pragmatic approach to quality services, TGT is a carrier-neutral telecommunication service provider with a number of world-class data centers and network infrastructures operating in Hong Kong and mainland China. Riding on the advantage of the colossal gas pipe network and synergizing it with the advanced Glass-In-Gas (GIG) European technology and by integrating reliable and high-speed connectivity with advantages such as outstanding infrastructure, TGT has also been able to provide fibre links, dedicated bandwidth services, flexible and reliable cloud computing platforms in the forms of private cloud, public could and hybrid cloud to reputable corporations, international network service providers and professional clients.

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Source: Hong Kong Broadband Network Limited

Related stocks: HongKong:1310 OTC-PINK:HKBNY

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