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....

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