HKBN Licensed to Offer Mobile Virtual Network Operator Services

Hong Kong Broadband Network Limited (HKBN) today announced it has been approved by the government to provide mobile service to residential and commercial markets in addition to the fiber-based broadband services it currently offers

Hong Kong Broadband Network Limited ("HKBN" or "the company"), a major fibre broadband service provider in Hong Kong, announced today that the Office of the Communications Authority has licensed the company to offer mobile virtual network operator ("MVNO") services in Hong Kong. The expanded scope of its Services-Based Operator Licence allows HKBN to offer mobile telecom services by making use of the radio communications infrastructure of mobile network operators, and to sell mobile handsets and devices. 

HKBN has signed Memorandum of Understanding with China Mobile Hong Kong, and is in discussions with two other local mobile network operators, with a view to launching HKBN mobile service to both the residential and corporate markets. It is anticipated that the soft launch of such service will begin as early as August this year. 

"This is a strong move to maximize shareholder value by offering a full suite of fixed and mobile services, leveraging our quickly expanding broadband customer base of over 800,000 households," William Yeung, CEO & Co-Owner of HKBN said. "Replicating our success in the fixed broadband market, our mobile service will come with strong value propositions, aiming to delight customers with the best customer experience at highly competitive prices."

The addition of mobile service will form a strong part of the best-value quad-play offers by HKBN, comprising broadband, fixed-line telephone, OTT entertainment & sports, and mobile services.  

"With majority of our executive level Talents invested their own savings to become Co-Owners of HKBN, we have shareholders' and customers' interests at heart. That is why we focus on delivering sustainable growth for the company, while seeking to disrupt the market by offering true values and benefits to customers," William Yeung continued.  

Source: PR Newswire