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HONG KONG, Sept. 1, 2016 /PRNewswire/ -- Five months after acquiring New World Telecom ("NWT") in March 2016, HKBN Group ("HKBN" or "The Group") announced today that integration of its enterprise solutions business is proceeding very well, and accordingly, New World Telecommunications Limited has been renamed as HKBN Enterprise Solutions Limited ("HKBNES") effective immediately.
The integration of NWT and HKBN's enterprise solutions business into HKBNES brings value to shareholders and consumers. Shareholders benefit from synergy derived from greater business scale, the opportunity to cross sell services previously fragmented amongst separate companies, enhanced sales commissions to drive more business, and operational cost savings from moving NWT office to Kwai Chung. Consumers benefit as the combined scale strengthens HKBNES's presence and capabilities to better serve enterprise market customers at lower prices, delivering more network capacity and a broader range of business-imperative services, as well as service upgrades and more.
HKBNES is confident this integration will drive sustainable growth of its market share. Echoing this conviction, 53 former New World Telecom supervisory and management level Talents invested their own money to become Co-Owners of HKBN this June, a noteworthy move that underpins HKBN's long-term potential for success.
Billy Yeung, HKBN Chief Commercial Officer – Enterprise Solutions and Co-Owner said, "Looking ahead, we are poised and ready to pounce on market opportunities with the determination of one extremely strong integrated enterprise team. With the integration of New World Telecom we're able to offer our HKBN and former NWT customers better service and higher bandwidth solutions, all at much more competitive prices."
For more details about HKBNES, please visit our website at www.hkbnes.net.
About HKBN Group
HKBN Enterprise Solutions Limited is a subsidiary of HKBN Group ("HKBN" or "The Group"). HKBN 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 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 2,200 commercial buildings. HKBN embraces "Make our Hong Kong a Better Place to Live" as its core purpose, and takes great pride in developing its 3,000 Talents into a competitive advantage. The Group is managed by over 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).
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