updated 6/10/2011 2:46:49 AM ET 2011-06-10T06:46:49

HONG KONG, June 10, 2011 (GLOBE NEWSWIRE) -- With the rapid pace of technology advancement, it is now possible to make international calls around the World for free, so why is it that some customers are still paying up to US$14/month (HK$110) for local calls in Hong Kong? Available immediately, Hong Kong Broadband Network Limited ("HKBN", a wholly-owned subsidiary of City Telecom (HK) Limited, (HKSE:1137) (Nasdaq:CTEL) is pleased to offer an AWESOME US$1.30/month (HK$9.90) HomeTel service for PCCW customers that port-in their existing numbers to our network.

At HKBN, we believe in changing the rules of the game by leveraging technology to bring dramatic cost savings for our customers and make money for our shareholders. For almost two decades now, we have repeatedly delivered breakthrough benefits to our customers, yet have also increased our Return on Equity from 3.2% in FY2007 to 19% in 1H FY2011 for our shareholders.

Ms June Lam, Associate Director of Marketing, HKBN said, "Today is another example executing our core purpose in our vision statement set in 2006 that states 'To experience the joy of advancing and applying telecommunications technology for the benefit of the public.' We are proud to be leading the industry for the betterment of Hong Kong."

For the full Press Release, please download at :http://reg.hkbn.net/ctigroup_admin/files_upload/110610_PR_HomeTel_switching_offer_E.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 via its own self-built fibre network. City Telecom's wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is the fastest growing broadband service provider in Hong Kong. HKBN offers a diversified portfolio of innovative products that service over 1,110,000 subscriptions for broadband, local telephony and IP-TV. The Company has built a solid market position with top-of-the-line applications and practices enabling it substantial growth. The company takes great pride in developing its around 3,000 Talent force into a competitive advantage. Additional information on City Telecom can be found at www.ctigroup.com.hk

CONTACT: For Enquiries, please contact:
         Corporate Communications
         Jessie Cheng
         Tel: +852 3145 4118
         Fax: +852 2199 8372
         Email: chengcm@ctihk.com
         Investor Engagement
         Peggy Chan
         Tel: +852 3145 6068
         Fax: +852 2199 8655
         Email: investor_engagement@ctihk.com

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