EXHIBIT 2 BENEFITS VERSUS COSTS OF TELECOMMUNICATIONS COMPETITIO✪
SUMMARY
Net Present Value (in 1988) of benefits and costs of scenarios 3, 4 and 5 by reference to scenario 1.
(1) Scenario 3: Competition in non franchised services commencing in 1990
COSTS
HK$75 million
BENEFITS
HK$88/133 million
-15%
10%
(2) Scenario 4: As scenario 3, together with competition in all local services commencing in 1995
COSTS
BENEFITS
HK$ 1,215 million
HK$1,711/ 2,568 million
10%
15%
(3) Scenario 5: As scenario 4, together with competition in all international services commencing in 1995
COSTS
BENEFITS
HK$ 1,600 million
10%
HK$4,610/ 6,917 million
15%
Note: Benefits are marked "10%" or "15%" depending which of these two figures in exhibits 5.6,5.7 and
5.8 are used as the basis of calculation
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