Hong Kong Cable Television

Hong Kong Cable Television Limited (Chinese: 香港有線電視有限公司), formerly known as Wharf Cable Television Limited (Chinese: 九倉有線電視有限公司) until 31 October 1998, is a cable television provider in Hong Kong currently owned by Forever Top (Asia) Limited, which operates it as a part of i-Cable Communications business. It was the second company to provide cable television service in Hong Kong (after Rediffusion Television, which ceased cable operation with the launch of their terrestrial television channels in 1973). It was incorporated on 30 June 1993 and officially inaugurated on 31 October same year, offering a package of over 100 pay television channels, 54 of which are directly operated by the company.

Hong Kong Cable Television Limited
Native name
香港有線電視有限公司
FormerlyWharf Cable Television Limited
Founded31 October 1993 (1993-10-31) in Hong Kong
HeadquartersWharf Cable Tower, Number. 9 Hoi Shing Road, Tsuen Wan,
New Territories
,
Hong Kong SAR
Area served
Hong Kong
Parenti-Cable Communications
Websitewww.i-cable.com
www.cabletv.com.hk

History

The company was founded as Wharf Cable Television (Chinese: 九倉有線電視), incorporated on 30 June 1993. Cable-based transmissions were officially inaugurated by the Governor of Hong Kong Chris Patten.

Wharf Cable Television changed its name to Hong Kong Cable Television (Chinese: 香港有線電視) on 31 October 1998.

In October 2001, Hong Kong Cable Television became the first cable television channel in Hong Kong to carry live broadcasts of UEFA Euro 2004. In later years, it carried live coverage of the 2002, 2006 and 2010 FIFA World Cup, as well as the 2012 Summer Olympics in London.

With the largest number of subscribers of subscription television companies in Hong Kong, HKCTV became one of the top five media groups in Hong Kong. According to the financial summary of i-CABLE Communications Limited in 2004, its sales revenue reaches HK$2,372 million with a profit of HK$296 million.

Ownership

Hong Kong Cable Television Limited was owned as a subsidiary group of The Wharf (Holdings) Limited, which held 73.3% of HKCTV's shares. The rest of its ownership lies with public shareholders. It became a public listed company on the Hong Kong Stock Exchange in 1999.

HKCTV is operated by i-Cable Communications, a non-media conglomerates in Hong Kong which also operates a pay-TV service and a broadband Internet access service provider with an Internet Protocol network. i-Cable owns and runs the second largest two-way broadband network, which produces media programmes, online news and other Internet services.

In 2017, i-Cable was sold to Forever Top (Asia) Limited.

References
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