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
Other
HK$ million
HK$ million
10%
88
HK$ million
8,846
10%
885
15%
133
Data and VAS
16,141
International
telex and
15,188
leased lines
International
voice
(overseas
33,786
portion)
International
voice (local portion)
17,107
Business
lines
(including
13,176
leased)
Residential lines
12,533
Telecommunications
revenues
% affected by competition
Total revenue affected by competition
% prica reduction
(illustrative)
Total user benefits
114
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