City Telecom

CTI opposes exclusive rights

City Telecom (CTI) is urging the executive council to reject any decision to retain the exclusive rights of the existing local telephone carriers. CTI said allowing the retention would injure Hong Kong's telecommunications industry.

Friday, 11 December, 1998, 12:00am

December 24 date set for Star Internet deal

The Telecommunications Authority (TA) will decide on December 24 whether to approve the sale of Star Internet to Hong Kong Telecom IMS, a deal critics say is anti-competitive.

8 Dec 1998 - 12:00am

New World to offer multimedia services

New World Telephone sees liberalisation of the international market as a chance not only to offer overseas voice calls but also global multimedia services.

It wants to move away from offering purely voice to offering video and data services as well.

1 Dec 1998 - 12:00am

Callback pioneer hopes to rival biggest

A pioneer of callback in Hong Kong, City Telecom (HK) hopes to transform itself into one of Hongkong Telecom's biggest challengers for international traffic.

The company, also known as CTI, has grabbed nearly 10 per cent of the international market for out-going calls before liberalisation by using callback to get around Hongkong Telecom's monopoly.

1 Dec 1998 - 12:00am

Cover-up stokes fires of imagination

Have you noticed something unusual while passing through Repulse Bay? That's right: Its main landmark - the building with the gravity-defying hole in its middle - is mysteriously gap-free.

The purpose of the hole is said to be to allow the area's mythical local dragon to shimmy through.

But that dragon must be having a hard time of it right now.

27 Nov 1998 - 12:00am

CTI waits on liberalisation as gains slide

City Telecom (HK) saw profits plunge 56 per cent but holds out hope that margins will increase as the international telephone market is liberalised from January 1.

The company, also known as CTI, made profits of $37.2 million in the year to the end of August, compared with $83.9 million a year earlier.

5 Nov 1998 - 12:00am

The Diary

MONDAY, NOVEMBER 2 CCT Telecom Holdings announces a special dividend and Le Saunda Holdings releases its interim results. South China Morning Post (Holdings) holds its annual general meeting. In the United States, Baker Hughes and CIGNA Corp post earnings.

1 Nov 1998 - 12:00am

Violent advert upsets viewers

A commercial featuring a man being slapped repeatedly in the face may be withdrawn after a flood of viewers' complaints.

The Broadcasting Authority has received 127 complaints against the City Telecom (CTI) commercial, which appeared on TV from Monday.

1 Oct 1998 - 12:00am

Six of the best are feature of annual ritual

The Quality Award is one of six annual schemes the Hong Kong Management Association presents as part of its overall goal of promoting modern management practices.

Glover Chan, HKMA marketing manager, said the organisation wanted to promote a culture of modern management in the various sectors to create awareness about the importance of total quality management.

1 Oct 1998 - 12:00am

Puzzled by hefty phone bill

On December 23 of last year, my wife and I received a letter from City Telecom (HK) Ltd, CTI, advising us that our phone calling card record was abnormal and that we should contact CTI's office.

According to its records, several long-distance calls had been made on December 21 over several hours, from the US, using my calling card password.

27 Apr 1998 - 12:00am

Business disputes considered no threat

City Telecom boss Ricky Wong Wai-kay yesterday played down the significance business disputes might have in his bid for the Information Technology functional seat.

Submitting his nomination, Mr Wong said he did not think they would undermine his chances.

23 Apr 1998 - 12:00am

Phone firm's sales force sees payouts shrink

The commission-hungry sales force of the largest independent telephone firm has become the latest victim of the economic downturn, with commission rates slashed by 75 per cent.

City Telecom's move comes despite a boom in several firms using a similar, multi-level marketing system.

6 Feb 1998 - 12:00am

City Telecom eyes Internet

Discounted international call specialist City Telecom (HK) says it is looking at the opportunities offered by using the Internet to sell cheaper long- distance services.

As the law stands, using the Internet for voice traffic to bypass existing international accounting rates, is illegal as it contravenes Hongkong Telecom's international monopoly.

19 Dec 1997 - 12:00am

City Telecom

Discount international call operator City Telecom (CTI) fell 9.18 per cent on its debut yesterday to $1.68 from an issue price of $1.85.

Sunny Chan, a research analyst at Seapower Securities, said response to the initial public offering (IPO) was disappointing, despite being 2.8 times oversubscribed.

5 Aug 1997 - 12:00am

CTI plans to raise $180m with public share offering

Discount international call operator City Telecom (Hong Kong), known as CTI, says its plans to raise about $180 million through its initial public offering which gets underway today.

About 100 million new shares, representing 25 per cent of the company, are on offer at $1.80 each, valuing the company at $720 million.

22 Jul 1997 - 12:00am