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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1094)4/18/2001 7:33:12 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
HK PRESS: HK Phone Users Dropping Fixed Line Services
April 17, 2001

Dow Jones Newswires

HONG KONG -- Hong Kong phone customers are abandoning fixed-line services for mobile phones as fixed-line fees become steeper, the South China Morning Post reports Wednesday, citing figures from the Office of the Telecommunications Authority.

The number of residential and business fixed-lines dropped for the first time, falling by more than 6,500 lines in January among residential customers alone, the paper said. The OFTA figures show the number of residential fixed lines has been in decline since November, after peaking in October at 2,211,235.

Cheap mobile phone deals and Internet customers switching to broadband connections, as well as higher fixed-line fees from leading provider Pacific Century Cyberworks HKT, were among the reasons cited.

Newspaper Web site: scmp.com

-By Dow Jones Newswires; 852 2802 7002.

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