Forecast on fiber broadband in Hong Kong

The share of fiber broadband in Hong Kong accounted for more than 76.1 percent of fixed broadband lines in 2023.
Broadband services revenue in Hong Kong GlobalData reportFiber broadband will remain the leading broadband technology in Hong Kong as compared with DSL and cable through to 2028, according to GlobalData’s Hong Kong Fixed Communication Forecast (Q1 2024).

This growth in fiber lines in Hong Kong will be driven by the growing demand for high-speed broadband connectivity.

The fixed communication services revenue in Hong Kong is expected to increase at a CAGR of 2 percent from $2.7 billion in 2023 to $3 billion in 2028, supported by the fixed broadband service segment.

Fixed voice services revenue in Hong Kong will decline at a CAGR of 7.8 percent over 2023-2028 due to the continued drop in circuit-switched subscriptions and a decline in fixed voice average revenue per user (ARPU) levels with users continuing to shift from traditional telephony to VoIP and mobile/OTT communication services.

Fixed broadband accounts in Hong Kong will grow at a robust CAGR of 3.2 percent over the forecast period, led by the rising adoption of high-speed fiber-optic broadband services.

PCCW is expected to lead both the fixed voice and fixed broadband segments in Hong Kong in terms of subscriber share through to 2028.

PCCW’s leading position in the fixed broadband segment is supported by the growing share in the FTTH/B service segment on the back of fiber network expansions and its focus on offering promotional tariff plans.

PCCW subsidiary HKT launched its fiber-optic access networks on Lamma Island under the government’s subsidy scheme in June 2023. Fibre-based networks, as a part of specialized projects, have connected to 123 villages as of February 2024.