XN000022-1990-09-29 — Page 3

2

SATURDAY, SEPTEMBER 29, 1990

BY

HE SAID WHILE HONG KONG HAD BEEN LOSING SOME PEOPLE, IT WAS NO MEANS A CRISIS. HE NOTED THAT WITH MORE PEOPLE GOING TO HONG KONG, IT NOW HAD MORE MIDDLE LEVEL MANAGERS AND PROFESSIONALS THAN BEFORE.

WERE

ON WAYS OF GETTING PEOPLE BACK, BUILDING UP THE FUTURE AND MANY WOULD BE GREAT OPPORTUNITIES THERE.

HE SAID THE EXPECTED

GOVERNMENT

TO

RETURN

AS

WAS THERE

IN 1997

HE SAID

CHINA

ON THE TRANSITION SOVEREIGNTY OVER HONG KONG, BUT HONG KONG WOULD BE RUN PEOPLE.

WOULD ACQUIRE BY HONG KONG

13 YEARS FROM THE IT WAS A FAIRLY LONG TRANSITIONAL PERIOD,

WERE TIME OF THE JOINT DECLARATION, AND WHILE FROM TIME TO TIME THERE

GOOD OVERALL PROGRESS WAS BRING HITCHES IN TALKS THAT TOOK PLACE, MADE, HE SAID.

SIR PIERS WAS IN NEW YORK AFTER ATTENDING MEETING IN WASHINGTON, DC.

THE IMF/WORLD BANK

SEVEN PROPOSALS FOR CT2 SERVICES RECEIVED

**

SEVEN PROPOSALS

GENERATION SECOND TO OPERATE

BEEN RECEIVED BY THE THE INVITATION ANNOUNCED AT

A TOTAL OF CORDLESS TELEPHONE SERVICES IN HONG KONG HAVE TELECOMMUNICATIONS AUTHORITY FOLLOWING THE END OF JUNE THIS YEAR.

MOST OF THE PROPOSALS

CAME FROM CONSORTIA

WITH

SIGNIFICANT

OVERSEAS INTERESTS.

MR

KEEN

AND THE POSTMASTER GENERAL

AUTHORITY, TELECOMMUNICATIONS DOMINIC S.W. WONG, SAID TODAY (SATURDAY): "I AM PLEASED WITH THE

OVERSEAS TELECOMMUNICATIONS INTEREST SHOWN BY THE LOCAL INDUSTRY AND

GENERATION SECOND COMPANIES IN THE PROVISION OF SERVICES IN HONG KONG.

CORDLESS TELEPHONE

ALL RESPECTS. IF "WE WILL EXAMINE THE PROPOSALS CAREFULLY IN

OF APPLICANTS WILL BE THEY ARE VIABLE PROPOSITIONS, A SMALL NUMBER INVITED TO SUBMIT MORE DETAILED PLANS FOR OPERATING THE CT2 SERVICES, HE SAID.

14

"THE NUMBER MAY VARY FROM TWO TO FOUR, DEPENDING ON THE QUALITY OF THE INITIAL PROPOSALS, HE ADDED.

**

MR WONG ESTIMATED THAT IF ALL ISSUED EARLY IN 1991.

WELL, WENT

LICENCES COULD BE

/3