EXHIBIT 5.5 ESTIMATED USER BENEFITS ARISING FROM A SECOND TELECOMMUNICATIONS NETWORK PROVIDING NON FRANCHISED SERVICES (SCENARIO 3)
Net Present Value (in 1988) of revenues and benefits to the year 2007; service commencing in 1990
HK$ million
HK$ million
10%
88
HK$ million
Other
8,846
10%
885
15%
133
Data and VAS
16,141
International
telex and
15,188
leased lines
International
voice
(overseas
24,805
portion)
International
voice (local
17,107
portion)
Business
lines
(including
13,176
leased)
Residential
12,533
lines
Telecommunications % affected by
revenues
competition
Total revenue affected by competition
% price reduction (illustrative)
Total user benefits
- 114 ·
-
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