Hong Kong Broadband Network offers $20 a month 1 Gpbs service

Hong Kong Broadband Network (HKBN) is boldly going where only U.S. providers could only dream of with its $20 a month triple play bundle that includes 1 Gbps data service.

Already serving over 1.1 million broadband subscribers, HKBN claims that it can offer the 1 Gbps service for $20 a month because of the "increasing economies of scale as the Hong Kong market embraces" the service and is passing that price onto its customers.

Interestingly, HKBN revealed that the total cost per home passed is about $200 and that its return on equity has risen from 3.2 percent in Fiscal Year 2007 to 19 percent in the first half of fiscal year 2011.

However, HKBN is not going to rest on its laurels for too long. By the end of the year, HKBN plans to expand its 1 Gbps service from 1 million to 2 million homes.   

For more:
- Converge has this article

Related articles:
Hong Kong operator offers 1Gbps residential broadband for $26
Google to extend 1 Gbps service to Kansas City, Mo.

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