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Speech by Miss Annie Tam, Deputy Secretary for Information Technology and Broadcasting, at Asia Global Crossing's Cable Landing Ceremony (English only)

January, 10 2001

Mr Winnick, Mr Legere, Mr Scanlon, Mr Fok, Ladies and Gentlemen,

I am most honoured today to officiate at the Asia Global Crossing's Cable Landing Ceremony. The landing of the East Asia Crossing signifies the achievement of liberalisation in our external telecommunications facilities market since January 2000.

Asia Global Crossing is one of the early successful applicants for licence to operate external facilities. We are most pleased to see its commitment to invest in a new, high capacity submarine cable to Hong Kong and moreover, to commission service early. This will bring in healthy competition to the market, and will benefit consumers and business users. The enhancement in our telecommunications infrastructure will also help consolidate Hong Kong's position as the telecommunications, broadcasting and internet hub in the Asian region.

Upon completion of this pan-Asian fibre optic network, East Asia Crossing will seamlessly connect Hong Kong with Japan, Taiwan, Singapore, Korea, Malaysia, the Philippines and in due course Mainland China. Hong Kong will enjoy state-of-the-art broadband services for communications in the Asian region. We firmly believe that our liberalisation policy is taking effect and that we are on the right track. We continue to welcome private investment in our telecommunications market, whether they are from multinational companies or local companies. Indeed, we see a lot of synergy between them, a vision that I am sure Global Crossing and its partners will share with me.

It is my pleasure and privilege to take part in the landing ceremony of East Asia Crossing which marks the beginning of the new millenium. May I take this opportunity to wish everyone here a happy and prosperous year of 2001.

Thank you.