City Telecom's big hairy audacious treasury

CFO NiQ Lai explains how the company's treasury is allowing City Telecom to compete with and overtake Hong Kong’s telecommunications giants.
NiQ Lai
NiQ Lai

City Telecom is the little telco that can. Operating in the highly competitive Hong Kong market, the long distance and broadband provider has taken on giant PCCW on its home turf and plans to become the city's largest internet protocol IP provider by 2016 under the appropriately named 'Big Hairy Audacious Goal'.

Treasury is a means to this end, said NiQ Lai, chief financial officer and head of talent engagement at City Telecom. As we take on the industry giants, be it in the telecom industry now or later in the free TV industry, we need to have an ultra-strong and ultra-conservative balance sheet to stand on when we go into war....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222