Hong Kong Television Entertainment Co. Ltd. (HKTE), the free-to-air television arm of PCCW Ltd. (00008.HK), will launch its channels as per plan without delay, group chairman Richard Li Tzar-kai said.
The company will announce later the exact date of the channel launch, Li said on Wednesday.
In April, Hong Kong authorities granted HKTE a 12-year broadcast license. The company said it will launch its first 24-hour Cantonese channel in 12 months’ time.
HKTE’s plans come at a time when David Chiu Tat-cheong, the son of the late former owner of troubled Asia Television Ltd., led a consortium last month to seek a free-TV broadcasting license.
The consortium, using the corporate name Forever Top (Asia) Ltd., submitted its application to the Communications Authority on April 15.
Partners in the consortium include Shun Tak Holdings Ltd. (00242.HK) managing director Pansy Ho Chiu-king, Guangzhou R&F Properties Co. Ltd. (02777.HK) chairman Li Sze-lim and Hony Capital (Beijing) Co. Ltd., a subsidiary of Lenovo Group Ltd. (00992.HK).
Translation by Vey Wong
–Contact us at [email protected]