XN000022-1989-08-01 — Page 3

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TUESDAY, AUGUST 1, 1989

WILL BE CALCULATED ON GROSS

RECEIPTS FROM

BE

AT ONE

"THE ROYALTY ADVERTISING, SUBSCRIPTIONS, INSTALLATION AND OTHER CHARGES AND WILL CALCULATED IN RELATION TO EACH $500 MILLION SLICE OF REVENUE,

THE SECOND, PER CENT FOR THE FIRST $500 MILLION, THREE PER CENT FOR SIX PER CENT FOR THE THIRD, NINE PER CENT FOR THE FOURTII, 12 PER

FOR

REVENUE ANY

IN

OF EXCESS FOR THE FIFTH AND 15 PER CENT BILLION.

CENT $2.5

THAT THE TOTAL SUM

"BUT THERE WILL BE AN OVERALL CEILING SO PAYABLE WILL NEVER EXCEED 10 PER CENT OF GROSS RECEIPTS.

TELEVISION

PUBLIC ROYALTIES,

"OVER THE 15-YEAR LICENCE PERIOD, WE CALCULATE THAT THE WILL RECEIVE $3 BILLION IN REVENUE FROM CABLE HE SAID.

SECRETARY FOR SPEAKING ON THE TELECOMMUNICATIONS ASPECTS, THE

HKCC WAS COMMITTED TO ECONOMIC SERVICES, MRS ANSON CHAN, SAID THAT

WOULD INSTALLING A STAND ALONE LOCAL TELECOMMUNICATIONS NETWORK WHICH

AND OPERATED BY HONG KONG COMPETE WITH THE EXISTING NETWORK OWNED TELECOMMUNICATIONS IN PROVIDING NON-FRANCHISED SERVICES.

"WITH

NETWORK THIS

INNOVATIVE DATA AND FACSIMILE

HKCC

A

OF

COMMUNITY. RESIDENTIAL

WILL PROVIDE

FULL RANGE SERVICES TO THE BUSINESS HKCC WILL ALSO CONDUCT TRIALS OF INTERACTIVE SERVICES FOR CUSTOMERS, SUCH AS HOME-BASED SHOPPING AND BANKING.

"THE PROVISION OF A SECOND NETWORK HAVE A WIDER CHOICE OF SERVICES AT KONG TO MAINTAIN ITS FINANCIAL CENTRE."

WILL ENABLE

ΤΟ CUSTOMERS LOWER COSTS, THUS HELPING HONG EDGE COMPETITIVE

AS A

AND BUSINESS LEADING

ON

TECHNICAL HKCC'S

PARTNERS,

CHAN MRS

SAID THEY

WERE

EXTREMELY WELL QUALIFIED.

EUROPE,

"CODITEL IS A MAJOR CABLE TELEVISION OPERATOR IN CABLE TELEVISION AND TELECOMMUNICATIONS INTERESTS IN THE U. S.

WITH

COMPANIES, AND "U.S. WEST IS ONE OF THE BELL REGIONAL HOLDING

SERVICE AND USE OF ADVANCE HAS A HIGH REPUTATION FOR ITS CUSTOMER TECHNOLOGY,

IS PARTICULARLY

COMPANIES

SHOULD

GRATIFYING

BE

PROJECT. WE

THAT THESE SUCH COMMITTING

WELCOME

"IT INTERNATIONAL INVESTMENTS IN WHAT IS A LONG TERM

DEMONSTRATION OF BOTH LOCAL AND OVERSEAS CONFIDENCE IN THE

TWO MAJOR

SUBSTANTIAL

THIS CLEAR FUTURE OF

HONG KONG," SHE SAID.

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