The South China Morning Post reports that Hong Kong’s telecommunications watchdog and Ricky Wong Wai-kay of the Hong Kong Television Network sat down together on March 29 for the first time since a mobile television row broke out – and ended up farther apart. As the discussions reached a dead end, Wong sent an ultimatum to the Communications Authority (Ofca) threatening legal action in two weeks if no solution could be agreed on. The three-hour session marked the first proper … [Read more...] about HKTV denied a mobile service
Ricky Wong Wai-kay
HKTV plans hit ‘dead end’; Ricky Wong plans court action
South China Morning Post reports that the entrepreneur who revolutionalised Hong Kong's telecom market says the government has pushed him to a dead end after it repeatedly blocked him from entering the television market. Hong Kong Television Network (HKTV) chairman Ricky Wong Wai-kay said on March 13 that he would take the battle to court after the government cited legal reasons to stop him from launching a mobile television service on July 1. “This is a laughable and violent move,” … [Read more...] about HKTV plans hit ‘dead end’; Ricky Wong plans court action
HKTV goes into online space
Following the announcement of the switch, HKTV has drawn strong responses from the stock market, with shares almost doubling. The move will provide investors an opportunity to pass their verdict on Wong's decision to offer television services online and on mobile devices. According to The Standard, within the same day, HKTV's share prices increased to 92% from HK$2.32 to HK $4.46 after the company agreed to buy a spectrum from a unit of China Mobile Hong Kong. The reports also show … [Read more...] about HKTV goes into online space
