TNAG-2247-FCO40-3230-Business-interests-in-Hong-Kong-Cable-&-Wireless-1991 — Page 21

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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Subscription rates

There will be

would best be

no control on the subscription rates which

regulated by market forces. However, if an

interested party chooses to include subscription rates in

information will be taken into account

its proposal, such

in the evaluation of proposals and may become a condition

of the Licence.

Ownership and Corporate Structure

The Licensee will be subject to ownership and corporate

structure restrictions, like the wireless TV licensees, as

follows (enabling legislation, to be enacted, will be

required):-

1.

The Licensee may not be

a subsidiary of any other

company.

2.

3.

The Licensee may have

directly connected

or

except for (1) such

investments only in companies

associated with broadcasting

services as

telecommunications

approved by the TA and

the BA; or (2) treasury or

management functions approved by the BA.

Subject to the approval of the BA, the Licensee may

Own or control a minority

stake in other "major

The maximum level of

broadcasting licensees".

ownership or control will be set by statute. A "major

broadcasting licensee" refers to territory-wide

off-air TV and radio licensee(s), large scale

cable/MMDS licensee(s) and satellite TV licensee(s)

uplinking from Hong Kong.

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