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HomeNewsInternational NewsHong Kong’s i-Cable tries hard to remain afloat
Wednesday, 19 April 2017 10:03

Hong Kong’s i-Cable tries hard to remain afloat

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Hong Kong’s struggling pay cable operator i-Cable Communications has taken an “important step” towards carrying on its business, according to Stephen Ng Tin-hoi, Chairman. This gave hope as the company was on the brink of getting shutdown.

Ng, who is also chairman of i-Cable’s parent company Wharf (Holdings), wrote a letter which did not contain details of the steps taken. But it was issued as a consortium called Forever Top led by tycoon David Chiu Tat-cheong admitted earlier that it had reached out to i-Cable to discuss investing in the company.

“I am pleased to advise that a small but important step has been taken towards enabling the company to accept a new pay TV licence and to carry on with its pay TV, free TV and broadband businesses,” the letter said.

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