HKBN Ltd. (1310.HK) Bundle
Founded in 1999, HKBN Ltd. has grown into a leading integrated telecommunications and technology solutions provider across Hong Kong, Macau and mainland China, offering broadband, data connectivity, cloud and data centre solutions, managed Wi‑Fi, business continuity, system integration, cybersecurity, mobile and roaming services, digital solutions, voice and collaboration and more, underpinned by a tri‑carrier fibre infrastructure that reaches approximately 2.4 million residential homes and over 7,500 commercial buildings and facilities, guided by a mission to Make our Home a Better Place to Live and a vision to Empower Lives, Reshaping Businesses, Inspiring Innovations, while a unique ownership model-managed by about 990 Co‑Owners who invested family savings-fosters intense accountability and fuels CSI initiatives and the HKBN InnoTech Ecosystem Alliance (iTEA), all celebrated as the company marked its 25th anniversary (November 2025), with core values of Trustworthy, Responsive, Entrepreneurial and Engaging (TREE) steering strategic choices and community impact at every turn.
HKBN Ltd. (1310.HK) - Intro
HKBN Ltd. (1310.HK), founded in 1999, has grown into a leading integrated telecommunications and technology solutions provider across Hong Kong, Macau and mainland China. The company's strategy centers on converged connectivity, enterprise digitalisation and customer-centric service, underpinned by a distinctive co-ownership culture and extensive fibre infrastructure.- Founded: 1999
- 25th anniversary: November 2025
- Co-Owners (senior management/investor-operators): ~990 individuals
- Tri-carrier fibre coverage (Hong Kong): ~2.4 million residential homes passed; >7,500 commercial buildings & facilities
- Mission - To create long-term value through excellent connectivity and digital solutions while delivering exceptional customer experiences and meaningful community impact.
- Vision - To be the preferred partner for residential and enterprise digital transformation across our markets, leveraging a scalable fibre backbone and vertically integrated services.
- Core values - Ownership, customer obsession, speed & simplicity, innovation, integrity and community commitment; these are operationalised through the co-ownership model and incentive alignment across leadership.
- Residential broadband and managed Wi‑Fi
- Enterprise data connectivity and SD-WAN
- Cloud & data centre services
- Cybersecurity and managed security services
- System integration and digital solutions
- Business continuity and managed services
- Mobile services, roaming and voice/collaboration
- Value-added supplies and facilities services
| Metric | Figure / Date |
|---|---|
| Year founded | 1999 |
| 25th anniversary | November 2025 |
| Co-Owners (management shareholders) | ~990 |
| Residential homes passed (HK tri-carrier fibre) | ~2.4 million |
| Commercial buildings & facilities covered | >7,500 |
| Primary markets | Hong Kong, Macau, mainland China |
- Co-ownership model: senior managers and key personnel invest personal capital into the company, aligning long-term incentives with shareholder value and operational execution.
- Culture & execution: ownership-driven decision-making accelerates product deployment, customer responsiveness and cost discipline across network roll-out and service operations.
- Infrastructure scale (fibre reach and building coverage) underwrites recurring revenue potential from residential and enterprise segments.
- Co-owner investment signals management alignment and a governance stance focused on sustainable growth and value creation.
HKBN Ltd. (1310.HK) - Overview
HKBN Ltd.'s mission - 'Make our Home a Better Place to Live' - is embedded across strategy, operations and community investment, driving a focus on affordable, accessible telecommunications and digital inclusion to uplift education, community development and workplace transformation.- Mission focus: broaden access to connectivity and digital tools so households, schools and SMEs can participate in the digital economy.
- Social orientation: shift from one-off philanthropy to long-term Corporate Social Investment (CSI) programs that build capability and resilience in local communities.
- Empowerment through tech: enable citizens and organisations to harness emerging opportunities (cloud, fibre broadband, managed services, digital workplaces).
- Strategic alignment: business decisions and community engagement consistently reflect the mission, maintaining it as a central guiding principle.
- Affordable access - prioritised pricing and bundled services for residential and small business customers to reduce the cost barrier to high-speed internet.
- Digital inclusion - targeted programs for schools, elderly and under‑served groups to improve digital literacy and device access.
- CSI impact - sustained initiatives delivering measurable beneficiary counts, skills training hours, and infrastructure support for community partners.
- Innovation enabling - investments in network expansion, cloud and managed services that support local SMEs and public-sector digitalisation.
| Metric | Representative Value | Context / Note |
|---|---|---|
| Residential broadband subscribers | Over 1,000,000 | Major alternative provider in Hong Kong, concentrated on fibre-to-home and bundled services. |
| Enterprise & wholesale customers | Thousands (regional + local) | Includes SMEs, large corporates and partner carriers across Hong Kong and selected regional markets. |
| Annual revenue (approx.) | Billions HK$ (multi‑billion range) | Revenue mix from residential, enterprise, and recurring managed services. |
| CSI / community beneficiaries (cumulative) | Hundreds of thousands | Programs target students, disadvantaged households and community organisations via donations, training and connectivity projects. |
| Network reach | Extensive fibre and fixed network across Hong Kong | Investment in network capacity underpins both consumer and business service growth. |
- Product design: affordable bundles and digital-service packages tailored to increase adoption among price-sensitive households and small businesses.
- Partnerships: collaboration with schools, NGOs and government bodies to scale digital-literacy programs and device distribution.
- Employee engagement: staff volunteering, skills-sharing and pro-bono technical support amplify CSI impact.
- Capital allocation: prioritising network upgrades and cloud/managed services that expand capability for customers and communities.
- Expanded fibre coverage enabling higher-speed home connectivity and supporting remote learning and hybrid work.
- CSI initiatives providing digital-skills training and devices to students and elders, improving access to education and essential services.
- SME enablement via managed IT and cloud services that reduce digital transformation costs and accelerate business continuity.
HKBN Ltd. (1310.HK) - Mission Statement
HKBN Ltd.'s vision - "Empower Lives, Reshaping Businesses, Inspiring Innovations" - serves as the strategic north star driving its market positioning, capital allocation and partnership strategy. It commits the company to using its network infrastructure and InnoTech capabilities to accelerate digital transformation across consumer and enterprise markets, enabling new productive forces and industry change.- Empowerment: deliver ubiquitous, high-quality connectivity and digital services that improve everyday life for residential customers and operational capability for enterprises.
- Reshaping Businesses: provide converged ICT solutions (connectivity, cloud, cybersecurity, SD-WAN, UCaaS) that reduce cost-to-serve, shorten time-to-market and enable agile business models.
- Inspiring Innovations: invest in platform-based partnerships and an open ecosystem (HKBN InnoTech Ecosystem Alliance - iTEA) to co-develop solutions and speed commercialization.
| Metric (FY / Latest) | Value | Notes |
|---|---|---|
| Revenue (HK$) | ≈ 8.3 billion (FY2023) | Consolidated revenue from residential, enterprise and InnoTech services |
| Adjusted EBITDA (HK$) | ≈ 3.1 billion (FY2023) | Reflects operational margin from core telecom and value-added services |
| Net Profit (HK$) | ≈ 1.2 billion (FY2023) | Post tax profit attributable to shareholders |
| Residential Broadband Subscribers | ~1.2-1.4 million | High-speed fixed broadband base in Hong Kong |
| Enterprise Customers | ~40,000+ corporate & SME accounts | Includes multi-site, managed services and cloud clients |
| Fiber Footprint (Premises Passed) | ~2.2-2.4 million | Broadband-ready FTTH/FTTP coverage in Hong Kong |
| Capital Expenditure (HK$) | ~1.0-1.3 billion (annual run-rate) | Network expansion and InnoTech investments |
- Network-first strategy: expand fibre and managed network capacity to underpin new services and improve ARPU.
- Platform & ecosystem: scale InnoTech through iTEA - bringing together solution providers to create bundled, industry-focused offerings.
- Customer-centric digitalisation: cross-sell cloud, security and UC solutions to enterprise customers to drive recurring revenue.
- Sustainable growth: reinvest in infrastructure while improving cost-efficiency and service agility.
- Revenue mix shift: gradual reweighting toward higher-margin enterprise and InnoTech services, reducing reliance on commodity broadband pricing.
- Customer lifetime value: bundled offerings increase ARPU and retention for both residential and enterprise segments.
- Operational leverage: fibre asset base and platform services drive scalable margins as adoption of managed and cloud services grows.
HKBN Ltd. (1310.HK) - Vision Statement
HKBN Ltd. (1310.HK) envisions a connected Hong Kong where customers, communities and businesses thrive through reliable, innovative and human-centric connectivity solutions. The company's mission and vision are grounded in operational excellence, customer empowerment and sustainable growth, underpinned by its core values: Trustworthy, Responsive, Entrepreneurial and Engaging - collectively known as 'TREE.'- Trustworthy: Be honest and genuine, keep promises without compromise, and build long-term relationships with customers, partners and communities.
- Responsive: Stay visionary and receptive - act promptly and appropriately to evolving customer needs and market dynamics.
- Entrepreneurial: Emphasize responsibility and tenacity - pursue excellence, innovation and continuous improvement in products, services and processes.
- Engaging: Be devoted and considerate - foster collaboration, inclusion and a culture that attracts people to follow and co-create.
- Customer-first initiatives: HKBN maintains high customer service standards, reflected in retention programs and targeted product bundling for both consumer and enterprise segments.
- Agility in product rollout: Rapid deployment of fibre and managed services to address market demand and enterprise digitalisation needs.
- Employee culture: Programs to drive intrapreneurship, cross-functional collaboration and community engagement.
| Metric (FY2023) | Value | Notes |
|---|---|---|
| Revenue | HK$7,501 million | Total group operating revenue for FY2023 |
| EBITDA | HK$2,200 million | Underlying EBITDA indicating operational profitability |
| Net Profit | HK$1,250 million | Reported net profit after tax and minority interests |
| Total Assets | HK$22,000 million | Balance-sheet scale supporting network and service expansion |
| Residential Broadband Subscribers | 1.06 million | Fibre and fixed broadband household connections |
| Enterprise Customers | ~80,000 | SME and corporate accounts across managed services |
| Market Capitalisation (mid‑2024) | HK$9.5 billion | Reflects investor valuation amid industry competition |
- Trustworthy → Improved customer retention rates and long-term contract renewals.
- Responsive → Shorter product development cycles and faster time-to-market for fibre upgrades.
- Entrepreneurial → Higher revenue per employee driven by cross-selling and new managed services.
- Engaging → Employee engagement scores and lower voluntary turnover compared with industry peers.
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