Telecoms operator HKBN seeks further market share gains as interim revenue up 25pc

HKBN, the second-largest fixed-line residential broadband services provider in Hong Kong, is targeting further market share gains after reporting a 25 per cent increase in revenue in the six months ended February 28.

“This interim result marks the beginning of our quad-play harvest,” HKBN chief executive William Yeung Chu-kwong said at a press conference on Thursday.

Yeung was referring to the company’s aggressive transformation over the past several months into a competitive operator of broadband, traditional telephone, mobile and over-the-top video streaming services.

“Our biggest asset is no longer our comprehensive fibre network, but rather our monthly billing relationship with more than 870,000 broadband households – representing more than one-third of Hong Kong’s 2.51 million total households – and over 50,000 corporate accounts,” he said.

That growth was driven by HKBN’s decision last year to become the city’s newest licensed mobile virtual network operator, which provides communications services by leasing mobile network capacity from an existing telecommunications operator and reselling it to consumers at reduced prices under its own brand.