HKBN, TGT sign JV deal to boost fibre and cloud offerings
07 July 2017 | Jason McGee-Abe
HKBN Group and Towngas Telecom (TGT) have created two joint ventures which will expedite expansion of their fibre network coverage and enhance their cloud solution offerings.
HKBN and carrier-neutral TGT will further bolster their strategic cooperation to increase their presence and service offerings in both residential and corporate telecom markets through the joint ventures, BROADBANDgo and TGgo.
"Our strategic partnership with TGT demonstrates what's possible when two innovative leaders join hands to achieve a dual-win situation,” said HKBN CEO and co-owner William Yeung.
“We are geared up to capture more business opportunities in both the residential and corporate markets, bringing customers best-in-class telecom solutions at highly competitive prices."
Leveraging HKBN's fibre and Wifi technology expertise and TGT's infrastructure coverage advantage, BROADBANDgo allows tenants of designated residential properties to enjoy outstanding, great-value internet connectivity. Over time, BROADBANDgo will also expand fibre network coverage to low-density and remote residential areas. It is anticipated that many households currently not covered by the fibre networks of HKBN and TGT will benefit from BROADBANDgo's service.
Supported by HKBN's sales channels and TGT's specialisation in advanced cloud computing services, TGgo offers one-stop cloud-based solutions.
Joseph Lai, head of telecommunications business of Towngas Group and TGT general manager, added: "I sincerely hope that we can collaborate in bringing more innovative services to our customers while at the same time helping the industry to foster. Especially the all-in-one cloud services GOEZ! for SME and catering industry, offering a simple and satisfying business operating experience with our high speed Internet and other business applications, just like what ancient Chinese saying the 'Seven Necessities' to begin a day. And today's announcement represents another important milestone in the growth of our business in the telecom and cloud area."
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