[1] HKBN was established on 23 August 1999, it is one of the largest residential and enterprise internet, communication and telecommunications service providers in Hong Kong.

[2][3] Originally a subsidiary of City Telecom, HKBN became an independent company in 2014.

[4][5][6] Hong Kong Broadband Network Limited was founded on 23 August 1999 as a unit of City Telecom by Ricky Wong Wai-kay as the first operator to launch "triple-play" (Internet broadband, telephony, IP-TV services) on single network in Hong Kong, as well as the first service provider of residential broadband, with speed ranged from 100 Mbit/s to 1000 Mbit/s.

[8][non-primary source needed] HKBN Group became a listed company on 12 March 2015 under a new Cayman Islands-incorporated holding company HKBN Ltd.; Hong Kong Broadband Network Limited was under listed company City Telecom (or known as CTI) until CTI sold Hong Kong Broadband Network Limited.

In May 2012, private equity firm CVC Capital Partners, acquired the company for HK$4.9 billion.