PCCW grateful for price freedom

14 Jan 2005

Hong Kong’s former fixed line monopoly PCCW has welcomed a move by the regulator, OFTA, to allow it to set prices without first gaining regulatory approval. The company said that the removal of the time intensive process of gaining permission for tariff changes will help it to compete effectively in a tough wireline market; at the end of September 2004 it reported its share of the domestic fixed line telecoms market had dropped to 69% amidst stiffening competition from alternative operators.

Hong Kong, PCCW Group