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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: John McDonald who started this subject9/23/2000 5:06:29 PM
From: ms.smartest.person  Read Replies (1) of 4541
 
HONG KONG (AFX-ASIA) - Standard & Poor's sees the telecommunications
industry in Hong Kong consolidating, with the introduction of
third-generation (3G) services likely to speed up the process, S&P director
of corporate ratings John Bailey said.

"It is only a matter of time before we see industry consolidation. The
six existing mobile phone companies in Hong Kong are finding conditions
challenging, and 3G is likely to exacerbate this situation," Bailey said.

Telecommunications players are expected to make significant investments
in 3G networks and this gives rise to concerns as to how they will be able to
recoup their start-up costs, he added.

Only a few mobile phone operators are making significant profits
currently due to heavy competition and an overcrowded market, he noted.

He said S&P expects overall telecommunications demand posting strong
growth but warns of increasing business risks faced by telecom companies in
the region.

baby.boom.com.hk
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