Hong Kong's largest telecommunications provider has been cleared by the Office of the Telecommunications Authority (OFTA) of abusing its dominant market position to 'squeeze out' rival providers of residential broadband services.
Following complaints from rival operators that PCCW had cut the price of its own residential broadband service by around 50%, whilst keeping its wholesale prices for other telecoms firms relatively high, OFTA launched a probe last November.
According to the South China Morning Post, the telecoms regulator conducted a profitability analysis to discover whether PCCW was using profits from its wholesale broadband sales to cover losses made on the lower-priced residential sales, a practice which would have constituted an offence under the Telecommunications Ordinance.
However, following the completion of its investigation, OFTA found that this had not taken place, and cleared PCCW of the market abuse allegations.
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