Cable TV shrugs off competition and unlikely to cut prices
Hong Kong's biggest pay-television provider, i-Cable Communications, is unlikely to cut prices this year, despite intense competition.
'Our business is developing steadily. We will try to keep the subscription fee at the same level this year,' chairman and chief executive officer Stephen Ng Tin-hoi said yesterday.
He said cutting prices to compete was not a good strategy.
'We do not see any room for lowering prices. Cutting prices is not the best policy to attract customers, as service quality will surely be compromised if we lower the price. This is unfair to subscribers,' Mr Ng said after a announcing a reorganisation of the company.
Cable TV has various subscription plans for its 700,000 subscribers, but the basic package, including news, film and sports channels, costs $308 a month, excluding internet connection.
Rival providers, including PCCW, whose NOW Broadband TV service has over 500,000 subscribers, would not comment on their pricing strategies.