The Office of the Communications Authority expanded the scope of HKBN’s services-based operator licence from allowing it to offer mobile telecom services, by making use of the radio communications infrastructure of mobile network operators, and to sell mobile handsets and devices.
"This is a strong move to maximise shareholder value by offering a full suite of fixed and mobile services, leveraging our quickly expanding broadband customer base of over 800,000 households," William Yeung, CEO & co-owner of HKBN, said.
The major fibre broadband service provider in Hong Kong has signed a memorandum of understanding (MoU) with China Mobile Hong Kong and is also in discussions with two other local mobile network operators, with a view to launching HKBN mobile service to both the residential and corporate markets.
Yeung added: "Replicating our success in the fixed broadband market, our mobile service will come with strong value propositions, aiming to delight customers with the best customer experience at highly competitive prices."
The addition of mobile service will form a strong part of the best-value quad-play offers by HKBN, comprising broadband, fixed-line telephone, OTT entertainment & sports, and mobile services.
Earlier this year, HKBN announced that it had entered into an $83.6 million deal to acquire New World Telephone Holdings Limited (NWTHL) to further penetrate the enterprise market.
