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Technology Stocks : CTEL: Asian ISP/Chinese Telephony

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To: Crossy who wrote (17)11/26/2009 1:46:48 PM
From: Crossy   of 20
 
re: CTEL - Corporate Ultra High Speed IP Solutions

finance.yahoo.com
reg.hkbn.net

Corporate "FibreRun": Ultra High Speed IP Solutions for the Price of a Daily Cup of Coffee
Press Release
Source: City Telecom (H.K.) Limited
On 6:41 am EST, Thursday November 26, 2009

HONG KONG, Nov. 26, 2009 (GLOBE NEWSWIRE) -- Hong Kong Broadband Network Ltd ("HKBN"), a wholly owned subsidiary of City Telecom (HK) Limited, (HKSE:1137) (Nasdaq:CTEL - News), is pleased to announce our partnership with Ingram Micro (China) Ltd ("Ingram Micro"), a wholly owned subsidiary of Ingram Micro Inc (NYSE:IM - News) for the provision of Corporate "FibreRun," featuring 25Mbps symmetric fibre based broadband and IP Phone services at just US$4 per day (HK$33), i.e. for the price of a daily cup of coffee.

Integrating HKBN's fibre-based ultra-high speed broadband network with Ingram Micro's system integration of breakthrough IP Telephony technology, Corporate "FibreRun" is a one-stop telecommunications service that unifies voice, video and data applications offering enterprises of all sizes the best telecommunications solution with unparalleled security, resilience and scalability. In partnership, HKBN and Ingram Micro offers small-to-medium size enterprises services that were traditionally limited to the exclusive domain of large multi-national corporations with the necessary in-house IT resources. Please refer to Appendix 1 for details on the Corporate "FibreRun" service package.

HKBN's Mr. Eric Wong, Associate Director of Corporate Division, said: "Having doubled our service coverage to over 1,200 commercial buildings in the past 18 months, we are now set to strengthen our unsurpassed IP service advantage with the launch of Corporate 'FibreRun,' and through our strategic partnership Ingram Micro, whom processes a far-reaching network in the corporate market," Mr. Wong added, "Speed, stability and flexibility are what enterprises look for in IT solutions today, and our 'FibreRun' package caters for all these needs through Cisco's IP Telephony technology delivered over our reliable fibre based ultra high speed IP network. I am confident that Corporate 'FibreRun' will become a chief facilitator for HKBN to achieve our Big Hairy Audacious Goal of becoming the largest IP service provider in Hong Kong by 2016, on or ahead of schedule."

Ingram Micro's Mr. Kevin Chen, Managing Director, also expressed his delight about the partnership: "Being a value-added distributor, our partnership with HKBN enhances the completeness of our solutions in Web 2.0 Era. We look forward to growing our business together with HKBN and to become the leader in IP service in HK."

About City Telecom (H.K.) Limited / Hong Kong Broadband Network Limited: www.ctigroup.com.hk.

About Ingram Micro Inc: www.ingrammicro.com
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