HONG KONG, Dec. 23, 2010 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) and wholly-owned subsidiary Hong Kong Broadband Network Limited. For our financial year to 31 August 2010, we delivered on the stretched key performance indicators promised a year ago, such as Fibre Home Passes, Subscribers, EBITDA and Free Cash Flow. As part of our performance based culture, we will be rewarding our 3,200 Talents with an average profit share of 1.9x months of basic salary, paid before our annual company-wide Christmas Dinners in Hong Kong and Guangzhou held in December 2010. We believe this bonus is at the high end of the Hong Kong telecom industry.
2010 Profit Sharing With Talents -- 1.9x Months Basic Salary Bonus
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