Established in 1992, City Telecom (H.K.) Limited ("CTI") is a fast growing and innovative provider of residential and corporate fixed network and international telecommunications services in Hong Kong. Its wholly-owned subsidiary, Hong Kong Broadband Network Limited ("HKBN"), is a major fixed telecom network services operator, providing the world's fast residential 1Gbps, 200Mbps, 100Mbps, 50Mbps and 25Mbps broadband Internet access, telephony, IP-TV and corporate data services with our self-built Metro Ethernet IP network, which is the largest alternative end-to-end network in Hong Kong. Since our establishment, the Group has aggressively marketed itself and its services to capitalize on the growth and deregulation of the Hong Kong telecommunications market.