HONG KONG, Nov. 24, 2010 (GLOBE NEWSWIRE) -- 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.