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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (4418)	1/9/2001 11:38:41 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 4541

Hong Kong NWT Calls For Measures To Up Fixed-Line Market Share Monday January 8 3:46am Source: Dow Jones HONG KONG -(Dow Jones)- Fixed-line telecommunications operator New World Telephone Ltd., or NWT, has approached the city's lawmakers with concerns about barriers that prevent customers from switching to their fixed-line network from Pacific Century CyberWorks Ltd.'s (H.PCW). In a statement late Monday, the telecommunications unit of New World Development Co. (H.NWD) urged CyberWorks, the city's dominant carrier, to consider a list of requests that would help NWT add customers at a faster rate. Because CyberWorks owns the city's most extensive fixed-line network in the city, other operators with less coverage like New World will effectively have to connect to CyberWorks' network to provide the same competitive services. These requests include shortening a lead-time to three months - from currently up to eight months - to get access to CyberWorks' co-location centers; doubling the number of co-location sites to be set up every year to a minimum of eight; lowering set-up costs for these sites by 50%; and ensuring that at least 100 phone lines can be cut over through CyberWorks' network every day. "If the interconnection barriers cannot be effectively removed, it would be extremely difficult to meet the government's expectation to open up the market and to benefit millions of customers," New World Telephone said. The Hong Kong government introduced competition into the city's fixed-line telecoms market by granting additional licenses to three new entrants in 1995, but until now, CyberWorks, or former Cable & Wireless HKT, still dominates about 95% of the city's fixed-line market share. The other fixed-line operators that were licensed in 1995 were Hutchison Telecom, a unit of Hutchison Whampoa Ltd. (H.HUW) and New T&T, a Wharf Holdings Ltd. (H.WHF) subsidiary. -By Kenneth Wong and Liz Rudall, Dow Jones Newswires; 852-2802-7002; elizabeth.rudall@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved dowjones.work.com