About City Telecom H.K. Limited Telecom and Broadband Assets
City Telecom (H.K.) Limited 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 a broadband service provider in Hong Kong. HKBN offers a diversified portfolio of products that service subscriptions for broadband, local telephony and IP-TV services.In April 2012, CVC Capital Partners acquired the telecom and broadband assets of City Telecom H.K. Limited for $644 million.