Telecommunication Industry
See also: Telecommunications industry in Hong Kong- Telecommunications system: modern facilities that provide excellent domestic and international services.
- Domestic: microwave radio relay links and extensive fiber-optic network
- Satellite earth stations - 3 Intelsat (1 Pacific Ocean and 2 Indian Ocean)
- International coaxial cable: to Guangzhou, China; access to 5 international submarine cables providing connections to ASEAN member nations, Japan, Taiwan, Australia, Middle East, and Western Europe
The Hong Kong telecommunication industry was deregulated in 1995. There are no foreign ownership restrictions. The Office of Telecommunications Authority (OFTA) is the legislative body responsible for regulating the telecommunications industry. Competition in this sector is fierce. You can get 10 Mbit/s up and down unlimited VDSL, telephone line rental, unlimited local calls, and 100 minutes of international calls for US$25/month. Telephone line rental and unlimited local calls is only US$3/month.
Read more about this topic: Communications In Hong Kong
Famous quotes containing the word industry:
“The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education. School is where you go between when your parents can’t take you and industry can’t take you.”
—John Updike (b. 1932)