HKBN reaches 10,000 subscribers to symmetric 1Gbps broadband.(INTERNET)

High-speed fiber broadband provider Hong Kong Broadband Network (HKBN), part of Hong Kong-based City Telecom, announced that it has signed up a total of 10,000 customers to its premium symmetric 1Gbps broadband packages. HKBN signed up a total of 551,000 fixed broadband subscribers by the end of March 2011, up 25,000 in six months, with the company targeting a total base of 600,000 high-speed accounts by September this year. The most recent announcement begs the question "why not more 1Gbps users?" as the super-high-speed service is priced at HKD199 (US$26) per month for residential customers, which sounds more than reasonable to observers in most countries, but it seems that HKBN's 100Mbps standalone broadband service is too tempting at less than half the cost of the top-tier package, HKD99 per month.