ming
Routine.
Argument
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P.3
There has been growing pressure from some quarters in Hong
Kong for a break up of Cable & Wireless's monopoly position in
local and international telecommunication services. The US,
The HK
who are very successful in the Hong Kong market overall, have
been particularly active in this regard with AT & T, for
example, threatening to move to other Asian centres unless the
Hong Kong Government accedes to competition.
Government are concerned that if they do not liberalise, US
interests in particular may move some of their activities to
another telecoms hub (eg Singapore) in that part of the world.
and
The Hong Kong Government has appointed Booz Allen Hamilton,
American firm of consultants, to consider whether a second
telecommunications network should be built in Hong Kong and tò
assess the impact of removing the exclusive franchise on local
calls after the current agreement expires in 1995. The
report, which we believe is now in the hands of the Hong Kong
Government, may well recommend early liberalisation of the
network. The Hong Kong Government publicly stated in February
that there was no intention to terminate Hong Kong telecom- munications domestic monopoly, but said that if very
is
2
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