XN000022-1993-07-16 — Page 5

FRIDAY, JULY 16, 1993

"CALLS TO SOME COUNTRIES WILL BE CUT BY

CONSIDERABLE

AMOUNTS.

POSSIBLE BECAUSE OF THE LARGER DEGREE OF

ΤΟ PARTICULARLY

THOSE MAJOR TRADING TELECOMMUNICATIONS INDUSTRIES,

BEEN "THIS HAS PROFITABILITY ON SOME STREAMS, PARTNERS THAT HAVE LIBERALISED THEIR HE SAID.

H

EXAMPLES OF SUCH COUNTRIES INCLUDE THE USA, CANADA AND

AUSTRALIA.

"THESE CUTS ARE IMPORTANT TO KEEP HONG KONG RATES COMPETITIVE AND AMONG THE LOWEST IN THE WORLD. BUT THIS ROUND OF CUTS IS ONLY FIRST INSTALMENT AS INTERNATIONAL RATES MUST FALL BY 2 PER YEAR AND 2 PER CENT IN THE FOLLOWING YEAR.

ALSO GAZETTED

TODAY

ARE THE

||

THE CENT NEXT

TO AMENDMENTS

HONG

KONG

TELEPHONE'S DOMESTIC TARIFFS.

MR ARENA CONFIRMED THAT THE

TELECOMMUNICATIONS

AUTHORITY WAS LINE WITH THE PRICE-CAP SATISFIED THAT THE AMENDED TARIFFS WERE IN ARRANGEMENTS WHICH LIMIT INCREASES IN THE BASKET OF DOMESTIC AS A WHOLE, TO 4 PER CENT BELOW INFLATION.

CHARGES,

TARIFFS IN RESIDENTIAL INFLATION RATE IN

"AGAIN CONSUMERS ARE BENEFITING FROM CUTS IN DOMESTIC

REAL OF 4 PER CENT OVERALL IN

TERMS. THE INCREASE LINE RENTAL HAS BEEN HELD TO 3 PER CENT BELOW THE ACCORDANCE WITH THE PRICE CONTROL RULES.

[

BOTH THE REVISED DOMESTIC AND INTERNATIONAL TARIFFS EFFECT ON AUGUST 1 THIS YEAR.

COMB INTO

/IDD STANDARD