Hong Kong-based fixed network operator Wharf T&T will invest HK$1 billion ($128m) to bring fiber-to-office fixed network infrastructure and cloud services to the local business community.
Wharf T&T president Vincent Ma said the company aims to jack up Hong Kong's business broadband coverage from the current 60% of commercial buildings to 95% within three years.
"Despite the availability of fiber network infrastructure in many areas of Hong Kong, a lot of commercial buildings in Hong Kong still rely on copper wire for the last mile," said Ma. "Our customers will be able to connect to the Internet at speeds of 100Mb, 1G and even potentially 10G."
He added that pricing details of the new services will be available after mid-February while the cloud services are slated to go live in the March-April timeframe.
The cloud services include presence, messaging, security-as-a-service, desktop care, storage cloud, data center services, e-marketing, web enablement, collaborative service, and applications-as-a service, said the firm.
"We hope these offerings will allow more SMBs to adopt IT in the future," said MA. "At the moment the IT penetration among local businesses remains low with only about 60 percent of firms having PCs or Internet, according to government statistics."