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EXHIBIT 2.3 GROWTH IN EXCHANGE LINES AND TELEPHONES COMPARED WITH REAL GDP GROWTH
14
12
10
8
% annual
increase
6
2
-2
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
Source: Hong Kong Telephone Company Limited Review of Operations 1986-87
Hong Kong Annual Digest of Statistics
Annual % growth
GDP index (1980 - 100) Annual % growth in telephones in service Annual % growth in exchange lines in service
Source:
hong kong Tereprone Company Limiteu Review of Operations 1700-07 Hong Kong Annual Digest of Statistics