Ricky Wong, Chairman Awarded Ernst & Young Entrepreneur Of The Year 2010 China for Telecom Category
24 November 2010 - 8:17PM
City Telecom (HK) Ltd. ("City Telecom") (HKSE:1137) (Nasdaq:CTEL)
is pleased to announce that, Mr Ricky Wong, Chairman of the Group,
was honored to recently accept the Ernst & Young Entrepreneur
Of The Year 2010 China for Telecom Category. Ricky Wong founded
City Telecom with his cousin Mr Paul Cheung, Vice-Chairman, in
1992. City Telecom is known for breaking the City's long standing
monopoly in the international long distance market with its
innovative call back service, offering the ability to cheaply
communicate with people around World, thereby bringing global
families and business closer together. In 1999, Wong
established a subsidiary, Hong Kong Broadband Network Limited
providing a Fibre alternative to traditional legacy copper based
services and has since grown into Hong Kong leading provider of
residential Fibre based 100Mbps and above broadband services.
Below as is a recent Question & Answer section with Ricky
Wong:
Q: What is the most
difficult decision you've ever had to make in your
business?
A: Over the past 18
years of business, after we dug our first gold from the IDD
(International Direct Dial) business, we needed to decide on what
was next. It was an important decision because it involved several
billion Hong Kong dollars. We knew that investing in infrastructure
would mean another 10 or 20 years of hard work.
Q: What was your
purpose in starting a new business?
A: Whether it was our
IDD (International Direct Dial) business 18 years ago, or the fixed
telecommunications and broadband business 10 years ago, or our
pending application for Free-TV, in launching a business, we have
to keep in mind what society really needs. We believe that if the
public needs a certain service or product, we will provide it. This
is good not only for society, but also for the company.
Q: What does
innovation mean to you?
A: In the past,
innovation belonged to me alone, especially in the early days — all
the ideas and plans came out of my mind. Today, I have more than
3,000 employees, so, innovation is no longer my privilege. Everyone
in the company must have an innovative way of thinking. However, I
think innovation needs to be driven in two ways. First, whether
employees are entitled to innovate. They're able to be innovative
once they feel they're in that entitled position. Second, whether
innovation will bring rewards, because any innovation without
rewards means downside risk only.
About Entrepreneur Of The
Year®, please refer to
http://www.ey.com/CN/en/Newsroom/News-releases/2010_Entrepreneur-of-the-year-China-2010-winners
About City Telecom/Hong Kong Broadband Network
Limited Information on City Telecom can be found at
www.ctigroup.com.hk.
CONTACT: City Telecom (H.K.) Limited
Corporate Communications
Ms. Jessie Cheng
+852 3145 4118
Fax: +852 2199 8372
chengcm@ctihk.com
Investor Engagement
Ms. Peggy Chan
+852 3145 6068
Fax: +852 2199 8655
investor_engagement@ctihk.com
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