City Telecom (H.K.) Ltd. http://www.alacrastore.com/company-snapshot/City_Telecom_H_K_Ltd-2017340 Sunday, November 23, 2008 3:34:26 PM 2017340 City Telecom (H.K.) Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/newstex/PZM-0001-29631130newstex/PZM-0001-29631130xml Nov. ##, #### (GlobeNewswire delivered by Newstex) -- HONG KONG, Nov. ##, #### (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited, (the "Group") (HKEX:####) and (Nasdaq:CTEL), today announced annual results for the year ended ## August...0400000004003000040030070400300204016000040160480401600511/17/2008 8:21:25 AM18000000180080001801600018004000190000001900300019002000190020041900200919002013GlobeNewswirePZM-0001-29631130CITY TELECOM H K LTDCTELNewsNewstexhttp://www.alacrastore.com/storecontent/bir/1203165bir/1203165normCity Telecom (HK) Ltd.Hong KongCommunications: Operation of international telecommunications and broadcasting services48124813483248335172125151125151205171109GH011379/12/2008 6:47:00 AM1203165Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/PR_161863_807947986moodys/PR_161863_807947986htmlGlobal Credit Research Rating Action ## AUG #### Rating Action: City Telecom (H.K.) Limited Moody's upgrades CTI's to B#; outlook positive Approximately US$### million of debt securities affected Hong Kong, August ##, #### -- Moody's...8/27/2008 12:54:01 AMhtmlCity Telecom (H.K.) LimitedCity Telecom (H.K.) Limited807947986150.0000NewsRating ActionPR_161863_807947986Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/666000spcred/666000normglobal8/19/2008 8:23:00 AM175Summary666000Hong KongIntegrated Telecommunication ServicesAsiaEmerging MarketsGlobal IssuersCorporationsTelecommunications & CableSummaryThe rating on City Telecom (HK) Ltd. (CTI) reflects the company's small size and weak market position in Hong Kong's highly competitive telecommunications industry, its aggressive financial position, and high capital expenditure. These weaknesses are balanced by CTI's sound liquidity, modern network, which is attractive to customers and would take competitors several years to replicate, and efficient cost structure. Incorporated in 1992, CTI is a small fixed line telecom operator in Hong Kong. It derives its revenue from two segments: fixed telecom network service (FTNS) and international direct dialing (IDD) service. Its FTNS segment comprises fixed line, broadband, and pay-TV services. The FTNS segment's total subscriber base increased 6% to 726,000 in the first half of fiscal 2008. Most newHKG17867750101020 501010 5010 50City Telecom (HK) Ltd.384213ASIAEMERGING1137@HKSUMMARYGLOBISSCORPTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/390768_report_framefitch/390768_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.City Telecom (H.K.) Ltd.844792696/24/2008 10:15:00 AM010000000103000001030400425Full Rating Report1137390768_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/423840_pr_framefitch/423840_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.City Telecom (H.K.) Ltd.844792696/13/2008 10:18:00 AM01000000010300000103040085Press Release1137423840_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/624504spcred/624504normThe latest Full Report from S&P1/8/2008 4:31:35 AMFull Report400global624504Hong KongIntegrated Telecommunication ServicesAsiaEmerging MarketsGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableFull ReportHighly competitive industry Small size Very aggressive financial profile High capital expenditure Modern network Efficient cost structure Sound liquidity The rating on City Telecom (HK) Ltd. (CTI) reflects the company's small size and weak market position in Hong Kong's highly competitive telecommunications industry, its aggressive financial position, and high capital expenditure. These weaknesses are balanced by CTI's sound liquidity, modern network, which is attractive to customers and would take competitors several years to replicate, and efficient cost structure. Incorporated in 1992, CTI is a small fixed line telecom operator in Hong Kong. It derives its revenue from two segments: fixed telecom network service (FTNS) and international direct dialing (IDD) service. Its FTNS segment comprises fixed line, broadband, and pay-TV services.HKG17867750101020 501010 5010 50City Telecom (HK) Ltd.384213ASIAEMERGINGCITYTEFULLGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_807947986moodys/COP_807947986htmlGlobal Credit Research Credit Opinion ## AUG #### Credit Opinion: City Telecom (H.K.) Limited City Telecom (H.K.) Limited Hong Kong Ratings Category Moody's Rating Outlook Positive Corporate Family Rating B# Senior Unsecured B# Contacts...1/3/2008 4:42:00 PMhtmlCity Telecom (H.K.) LimitedCity Telecom (H.K.) Limited807947986150.0000NewsCredit OpinionCOP_807947986Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622134spcred/622134normThe latest News from S&P12/21/2007 4:32:04 AMNews100global622134Hong KongIntegrated Telecommunication ServicesAsiaEmerging MarketsGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableNewsHONG KONG (Standard&Poor's) Dec. 21, 2007--Standard&Poor's Ratings Services said today that it had raised its long-term corporate credit rating on City Telecom (H.K.) Ltd. (CTI) to 'B+' from 'B'. The outlook is stable. At the same time, Standard&Poor's also raised its issue rating on CTI's US$125 million senior unsecured notes due 2015 to 'B+' from 'B'. "The rating actions reflect CTI's improved financial and operating performances in fiscal 2007, driven by a change in business strategy to capture revenue market share instead of subscriber market share," said Standard&Poor's credit analyst Lawrence Lu. The rating actions also reflect the company's increased reliance on a self-built network rather than third-party capacity; and its costHKG17867750101020 501010 5010 50City Telecom (HK) Ltd.384213ASIAEMERGINGCITYTENEWSHKG50101020 501010 5010 50PCCW-HKT Telephone Ltd.352416ASIAEMERGINGEUROMIDAFRLATAMERICAUSAPCCZ@HKGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622135spcred/622135normThe latest Research Update from S&P12/21/2007 4:32:04 AMResearch Update175global622135Hong KongIntegrated Telecommunication ServicesAsiaEmerging MarketsGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableResearch UpdateOn Dec. 21, 2007, Standard&Poor's Ratings Services raised its long-term corporate credit rating on City Telecom (H.K.) Ltd. (CTI) to 'B+' from 'B'. The outlook is stable. At the same time, Standard&Poor's also raised its issue rating on CTI's US$125 million senior unsecured notes due 2015 to 'B+' from 'B'. The rating actions reflect CTI's improved financial and operating performances in fiscal 2007, driven by a change in business strategy to capture revenue market share instead of subscriber market share; the company's increased reliance on a self-built network rather than third-party capacity; and its cost containment program, implemented during fiscal 2006. The rating on CTI also reflects the company's small size and weak market position inHKG17867750101020 501010 5010 50City Telecom (HK) Ltd.384213ASIAEMERGINGCITYTERESUPDHKG50101020 501010 5010 50PCCW-HKT Telephone Ltd.352416ASIAEMERGINGEUROMIDAFRLATAMERICAUSAPCCZ@HKGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Research