EXHIBIT 5.6 ESTIMATED USER BENEFITS ARISING FROM A SECOND TELECOMMUNICATIONS
NETWORK PROVIDING ALL LOCAL SERVICES (SCENARIO 4)
Net Present Value (in 1988) of revenues and benefits to the year 2007, incremental over Scenario 3; local voice service commencing in 1995
Other
HK$ million
6,844
15%
Data and VAS
11,331
25%
International
telex and
10,761
leased lines
HK$ million
10%
1,623
HK$ million
16,230
International
voice
18,557
(overseas
portion)
International
voice (local
13,653
55%
portion)
Business
lines
10,803
(including
45%
leased)
Residential lines
8.947
Telecommunications
revenues
% affected by competition
Total revenue
affected by competition
115
15%
2.435
% price reduction (illustrative)
Total user benefits