Hong Kong company, City Telecom (CTEL), seems to be defeating the North American Internet system. It's apparently cheaper and faster with CTEL. And if the company doesn't "clock 80% of the promised speed, they'll pay the consumer twice their monthly fee."

Jeffrey O'Brien interviewed NiQ Lai, chief financial officer of City Telecom, on how the ISP company can afford to do this.

It's partly geography and partly vision. While Hong Kong has 7 million inhabitants, only a small fraction of the island's mountainous terrain is developed, which means everyone basically lives on top of each other. The population density is 16,380 people per square mile – versus 640 in Japan and 80 in the US. That makes every customer far cheaper to serve.

Lai insists that City Telecom has a "Big Hairy Audacious Goal", which is: "to be the largest IP service provider in Hong Kong by 2016." Lai also stated that CTEL is "three years into their strategy, and are well on their way to [achieving this goal.]"

Read more at: http://brainstormtech.blogs.fortune.cnn.com/2009/11/13/lessons-from-the-...