HONG KONG, Jan. 18, 2010 (GLOBE NEWSWIRE) -- At City Telecom (H.K.) Ltd. ("City Telecom") (HKSE:1137) (Nasdaq:CTEL), we consider Talent Development to be our key competitive advantage. Whilst most people think of City Telecom, via our wholly owned subsidiary Hong Kong Broadband Network Limited, as a high tech fibre telecom carrier or as a high profile marketing company, we in fact invest more money on our Talent (salaries and wages) than on capex plus advertising & marketing. During the twelve months to 31 August 2009, we incurred Talent expenses that exceeded the combined total of Capital Expenditure plus non-Talent advertising marketing expenses. In short, City Telecom is in fact a Talent company.
Our latest presentation on our Talent Development policies can be accessed via this link:
http://reg.hkbn.net/ctigroup_admin/files_upload/TalentEngagementPPTE.pdf
About City Telecom/Hong Kong Broadband Network Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) provides integrated telecommunications services in Hong Kong. City Telecom’s wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is in the process of expanding its self-built Next Generation fibre network. HKBN has achieved an aggregate Voice, Broadband (symmetric 25Mbps up to 1Gbps) and IP-TV services base in excess of 1,004,000 subscriptions. Additional information on City Telecom can be found at www.ctigroup.com.hk.