1998 1999 2000 2001 2002 2003 2004 2005

Fixed Line 3707.5 3838.7 3945.6 3925.8 3841.7 3819.9 3779.6 3792.9
Wireless 2898 3989.8 5234.3 5701.7 6218.9 7194.3 8158 8544.2

14,000

12,000

10,000
Number of Subs ('000)

8,000

6,000

4,000

2,000

0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 40026
Fixed Line Wireless

1998 1999 2000 2001 2002 2003 2004 2005

Fixed Line 56.5% 58.1% 58.8% 58.3% 57.4% 55.8% 54.3% 54.1%
Wireless 48.1% 64.1% 73.5% 79.1% 91.8% 97.3% 118.3% 122.7%

180%

160%

140%

120%

100%

80%

60%

40%

20%

0%
100%

80%

60%

40%

20%

0%
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 40026

Fixed Line Wireless

 2006 2007 2008 Aug-09
3835.9 3719.3 3711.9 3687.4
9444.1 10588.5 11374.2 11917.1

2006 2007 2008 40026

2006 2007 2008 Aug-09

54.8% 53.4% 53.1% 52.6%
134.9% 151.2% 162.8% 170.0%
6 2007 2008 40026

Main Operators Subscribers (m)

PCCW
Fixed line (Aug 2009)
Hutchison 3.7
CSL
Mobile (Aug 2009)
Hutchison 11.9
Internet (Aug 2009) PCCW 5.3
Broadband (Jul 2009) PCCW 2.3
Penetration of Population

52.6%

170.0%
75.6%
32.9%

CSL 28%
3 25%
Sunday 14%
SmarTone 12%
Peoples 22%

Peoples CSL
22% 27%

SmarTone
12%

Sunday 3
14% 25%
USD mn 2006 2007 2008 2009

Revenues 3,298 3,051 2,829 2,700

Growth (%) -7.5% -7.3% -4.6%

EBITDA 878 939 950 952

Margin (%) 26.6% 30.8% 33.6% 35.3%

EBIT 488 518 452 395

Margin (%) 14.8% 17.0% 16.0% 14.6%

Market Cap 1,938

Key performance indicators (Dec 2009)

Mobile customers ('000s)
Blended ARPU (USD)
Fixed lines ('000)
Blended Fixed line ARPU (USD)
Broadband access lines ('000s)
TV access lines ('000s)
Technology
Launch year
Major Shareholders
ce indicators (Dec 2009)
1408
12.7
2588
15.4
1297
1001
GSM
1999
r Shareholders
USD mn 2006 2007 2008 2009

Revenues 149 146 166 189

Growth (%) -2.0% 13.7% 13.9%

EBITDA 30 47 49 65
Margin (%) 20.1% 32.2% 29.2% 34.4%

Net Profit -12 4 16 27

Margin (%) -7.9% 2.5% 9.6% 14.4%

Key performance indicators (Dec 2009)

Broadband subs ('000s)
Local VoIP subs ('000s)
IPTV ('000s)
Blended ARPU (USD)
Launch year
Major Shareholders
ce indicators (Dec 2009)
391
382
170
23
1999
r Shareholders
USD mn 2007 2008 2009

Revenues 929 1,042 1,083

Growth (%) -78.4% 12.1% 4.0%

EBITDA 202 225 266

Margin (%) 21.7% 21.6% 24.6%

EBIT 70 65 101
Margin (%) 7.5% 6.3% 9.3%

Market Cap 1,018

Key performance indicators (Dec 2009)

3G Subs ('000s)
Smartphone subs('000s)
Total mobile subs ('000s)
Blended ARPU (USD)
Postpaid ARPU (USD)
Smartphone ARPU (USD)
Technology
Launch year
Major Shareholders
 (Dec 2009)
1396
296.2
2962
18
26.5
38.5
GSM
1994
ers
USD mn 2006 2007 2008 2009

Revenues 485 518 522 475

Growth (%) 6.9% 0.8% -9.1%

EBITDA 105 121 140 114

Margin (%) 21.6% 23.3% 26.7% 24.1%

Net Profit 9 20 35 5
Margin (%) 1.8% 3.9% 6.8% 1.1%

Market Cap 699

Key performance indicators (2009)

3G Subs ('000s)
Total Subs ('000s)
Blended ARPU (USD)
Technology
Launch year
Major Shareholders
ance indicators (2009)
368.4
1164
28.2
GSM
1992
r Shareholders