With regard to the cross-ownership between the main telecommunications network operator (HKT) and a vertically integrated non-HKT cable television network operator under scenario 2, no norms can be drawn on. In some countries, including UK, extensive equity investment (say 50%) by the main carrier in cable television networks is common. In the USA this is not the case: the Regional Bell Operating companies cannot offer cable television programming services in their territories. Since the objective of scenario 2 is to put cable television network construction into management hands different from those responsible for the main telecommunications network, we recommend that a cross-ownership limit less than 50% be imposed (say, in the range 25% to 50%). Clearly, if a transition to scenarios 3, 4 or 5 were contemplated, the much stricter limit noted in point iii above should apply.
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