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The Telecommunications Authority issued the following statement regarding the transfer of PCCW shares today (July 10):
"The Telecommunications Authority will monitor the situation closely. The Telecommunications Authority will seek confirmation on details of the matter from PCCW-HKT Telephone Limited in order to ascertain if there are any changes (as defined in section 7P of the Telecommunications Ordinance) in relation to PCCW-HKT Telephone Limited as a carrier licensee. The Telecommunications Authority will consider the case in accordance with the provisions under section 7P of the Telecommunications Ordinance, which seek to safeguard competition in the telecommunications market.
According to the fixed carrier licence held by PCCW-HKT Telephone Limited, it has to operate, maintain and provide a good, efficient and continuous service in a manner satisfactory to the Telecommunications Authority. The Office of the Telecommunications Authority will liaise with PCCW-HKT Telephone Limited to ensure that their services for the public will not be affected."
Ends/Monday, July 10, 2006
Issued at HKT 22:55
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