2.6
Frankfurt-Geneva
Paris-Amsterdam
Paris-Brussels
£1323 Frankfurt end £1237 Geneva end
£1046 Paris end £834 Amsterdam end
£896 Paris end
£835 Brussels end
Frankfurt-Hong Kong
£3500
London-Hong Kong*
£2550
*As of July 1987. Current price not available.
TARIFF ANALYSIS 3
SAMPLE BTI/MERCURY ANNUAL CHARGES FOR HIGH-SPEED CIRCUITS
London-Frankfurt BTI (64 kb)
£30,000
Mercury (64 kb)
£24,312
London-Hong Kong
BTI (56 kb)
Mercury (64 kb)
£75,000 £53,348
PERFORMANCE
The HKT Group and CWHK have both enjoyed consistent growth in both turnover and profit, mainly as a result of the continuing growth in demand for telephone services for local and international services. In the year ended 31st March 1987, revenue from the local telephone service
(installation rental, customer facilities and non voice services) accounted for 60% of turnover whereas the international service accounted for 25%.
The HKT Group employs approximately 13,800 and CWHK has 2,500 employees. On an international comparative basis the Company is not overstaffed and it has a reputation for providing a high level of training and career development for local staff (see Exhibits 2.21 and 2.22).
The Company's strengths include:
1111
its high growth in revenues due to buoyant demand
sustained ability to provide service on demand
very little borrowings
inherent experience and the technical and professional skills of its staff
high productivity levels
the quality and speed of service provided and confirmed by its major customers
its majority 80% ownership by Cable and Wireless plc, which links the company to Cable and Wireless' goal of creating the world's first global digital highway.
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