The Communications Authority of Hong Kong has recently initiated a public consultation on the Review of Regulatory Guidance on the Charging Principles of Interconnection between Fixed Carriers (the "Consultation"). The two-month consultation was conducted from 7 November 2012 to 7 January 2013. The Communications Authority was to decide whether to remove or maintain Statement No. 7 (Third Revision). Statement No. 7 was issued in 1995 when the local fixed telecommunications market was liberalised. In June 1995, the local fixed telecommunications market in Hong Kong was liberalised with the issue of four fixed telecommunications network services (FTNS) licences to the incumbent fixed carrier (the "Incumbent") and three new entrants (the "New Entrants"). Statement No. 7, titled
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