TNAG-1779-FCO40-2539-Hong-Kong-international-telecommunications-1988 — Page 128

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

EXHIBIT 1.7 COST AND REVENUE IMPACTS OF VERTICAL INTEGRATION OF CABLE TV BUSINESS

Non Telco cost of cable TV operation

Telco cost of cable TV operation

(1) CASE 1: COST PENALTY EXCEEDS REVENUE GAIN

Cost penalty due to

vertical integration

Movement of demand curve due

to vertical integration

A

Number of customers

(2) CASE 2: COST PENALTY IS LOWER THAN REVENUE GAIN

Non Teico

cost of cable TV operation

Telco cost of cable TV operation

Cost penalty due to vertical integration

- 20 -

Movement of demand curve due to vertical

integration

Number of customers

Number of customers served by non-telco network (B) is lower

than number served by telco network (A)

Number of customers served by non-telco

network (B) is higher than number served by telco network (A)

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