CTEL Hong Kong Television Network Ltd. (MM)

Unified View of Customers Will Help Improve Time to Market for New Services REDWOOD SHORES, Calif., Nov. 7 /PRNewswire-FirstCall/ -- Oracle today announced that City Telecom (HK) Ltd. (CTI), a leading provider of telecommunications services in Hong Kong, has selected Oracle(R) Communications Billing and Revenue Management software to provide a billing and revenue management platform that will help address rapid business growth and increase variation in service offerings and pricing options. The new platform will help CTI centralize and manage revenue streams across services, networks, partners, technologies and payment methods, ultimately enabling faster time-to-market and enhanced quality of service. (Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO) Since the introduction of broadband Internet services by its wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN) seven years ago, CTI has strived to provide end-to-end, world-class residential and corporate voice and data services. In September, CTI launched Hong Kong's first residential Fiber-To-The-Home (FTTH) broadband services at symmetric 100 megabits per second (Mbps), 200Mbps and 1 billion bits per second (Gbps). Earlier this year, CTI introduced bbBOX, a multimedia sharing application converging Internet, television and computers. As CTI continues to expand and innovate, the company needs an integrated platform to provide an immediate, comprehensive view of all company revenue with the ability to drill down into detailed customer service preferences, usage patterns and transaction histories. "Service innovation is key to our company's development of new revenue streams and the group's sustainable growth. For this reason, it is vital that we understand our customers so we can provide more value-added, personalized services to boost their satisfaction. A highly reliable, scalable billing and revenue management platform is a critical part of our strategy for staying ahead of the competition and embracing growth opportunities," said Stephen Chang, chief technology officer of CTI. Chang added, "We chose Oracle Communications Billing and Revenue Management for its functional richness, flexibility and scalability, as well as Oracle's proven track record for delivering an end-to-end software solution for many of the world's largest and most innovative service providers. When the implementation is complete, we plan to leverage the full 360-degree view of the customers to support further innovation in service offerings while reducing the total cost of ownership. This will enable us to decrease our time-to-market in rolling out innovative services and offerings." In addition to Oracle Communications Billing and Revenue Management's support for the entire revenue management lifecycle and its ability to recognize revenues from service usage in the balance sheet, CTI will also benefit from the application's rich support for partner accounts. The application will manage royalty calculations and revenue sharing agreements and create various settlement and sponsorship arrangements to optimize relationships with business partners, such as content service providers. This functionality will help CTI simplify partner settlements and support the company's rapid triple-play service expansion. "Oracle is committed to providing best-in-class applications that deliver next-generation capabilities for communications service providers. We are pleased to work with CTI to deliver a comprehensive, innovative solution that will enable the company to maximize customer and partner value and drive profitable new business in the years to come," said Dr. Weiming Li, vice president, Japan and Asia Pacific, Oracle Communications. Established in 1992, City Telecom (HK) Limited (SEHK:1137)(NASDAQ:CTEL) provides integrated telecommunications services in Hong Kong. City Telecom's wholly owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is in the process of expanding its Metro Ethernet from 1.4mn to 2.0mn homes pass. HKBN has achieved an aggregate Voice, Broadband (symmetric 25Mbps up to 1Gbps), IP- TV and Corporate data services base in excess of 640,000 subscriptions. Additional information on City Telecom (HK) Ltd. can be found at http://www.ctigroup.com.hk/. About Oracle Communications Oracle is #1 in Communications globally with 20 of the world's top 20 telecommunications companies running Oracle applications. Oracle Communications integrates industry-specific BSS and OSS solutions with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, and carrier-grade middleware and database technologies. Oracle Communications enables service providers to deliver next generation convergent services rapidly, increase customer satisfaction and loyalty, and reduce costs in the business and the network. For more information, visit http://www.oracle.com/communications. About Oracle Oracle (NASDAQ:ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/ Trademarks Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners. http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO http://photoarchive.ap.org/ DATASOURCE: Oracle Corporation CONTACT: Caroline Yu of Oracle, +1-650-506-8920, ; or Janice Hazen of O'Keeffe & Company, +1-770-938-4753, Web site: http://www.oracle.com/

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