THI
EXHIBIT 14
AVERAGE NUMBER OF MONTHS REQUIRED FOR APPROVAL OF NEW TELECOM SERVICES
Hong Kong
UK
2-3
Japan
1
US
Singapore
10
12*
* Average of service approval time between January 1986 and May 1991
Source: Hong Kong Telecom; Interviews with Telecommunications Research Center (UK), Ministry of Posts and
Telecommunications (Japan), Singapore Telecom; McKinsey research
McKinsey & Company, Inc.
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