For immediate release

(Hong Kong - 27 January 2005) Galaxy Satellite Broadcasting Limited ("Galaxy") and Hutchison Global Communications Limited ("HGC") today signed a cooperation agreement to deliver Galaxy's pay TV service, leveraging HGC's broadband network in Hong Kong. The new agreement will enhance both companies' competitive edges in bringing completely innovative infotainment services to customers.

The cooperation will maximize the synergies of the two companies. HGC owns and operates the largest fibre-to-the-building (FTTB) telecommunications network in Hong Kong. The network, with unlimited bandwidth scalability, has direct access to over 4,000 residential buildings and covers a total of 1.2 million home pass in major districts. Leveraging the optical fibre network, HGC offers quality fixed-line telephone and broadband Internet access services. Galaxy, currently reaches 600,000 homes, is now delivering a vast variety of local and international programmes through 34 pay-TV channels. Under this cooperation, the two companies will join forces in cross selling and delivering unparalleled infotainment experiences to customers through a top-notch broadband network. The move will also accelerate the development of the local pay TV market.

Jackey Chan, Chief Operating Officer of Galaxy said in the ceremony, "This cooperation marks a major milestone for HGC and Galaxy in both our future business development. At present, Galaxy's network has already covered 600,000 homes in Hong Kong while HGC's has covered 1.2 million FTTB homes. Both companies will further expand their networks and Galaxy's total coverage will further substantially grow to 2 million homes towards the end of the year. The introduction of the broadband delivery mode will directly benefit our future business development as it will greatly reduce our investment cost and time on network building."

Peter Wong, Chief Executive Officer of HGC said, "All along, our business focus has been to position HGC as a significant network provider. In delivering innovative on-line applications and content to our customers, we always partner with leading service providers. The cooperation with Galaxy demonstrates this. Through this partnership, the potential of our optical fibre network can be completely unleashed. We shall work closely together to expand our markets, and to bring exciting pay TV programmes to our viewers."

HGC has long been an innovator in Hong Kong, becoming the first telecommunications operator in the territory to introduce 10Mbps* symmetrical broadband service as early as 2000. This service supports the development of broadband TV, and continues to facilitate the expansion of service scope and market size.

New services will be launched in the market in the second quarter of 2005. The two companies will offer customers bundled service packages incorporating Galaxy's pay TV services and HGC's broadband services. Subscribers will simply install a set-top box with HGC's broadband connectivity to enjoy Galaxy's TV programmes. The two companies will also cooperate in delivering quality customer services and technical support.

Galaxy Satellite Broadcasting Limited and Hutchison Global Communications Limited cooperate to provide pay TV services through HGC's broadband network. Mr. Jackey Chan of Galaxy (left) and Mr. Peter Wong of HGC officiate the agreement signing ceremony.

* This refers to the bandwidth between customer premises and in-building local switches, and is subject to the infrastructure of individual buildings. Over 90% of HGC's home pass are connected by Ethernet & VDSL, which provide dedicated upload and download bandwidths of 10Mbps.

About Galaxy

Galaxy Satellite Broadcasting Limited offers all-digital multi-channel subscription television service specially designed for the Hong Kong audience. It is a wholly owned subsidiary of Television Broadcasts Limited, aiming at providing complete entertainment for the entire family. Galaxy brings to the audience a unique mix of quality local programming and top-notch entertainment from around the world. The service includes five exclusive Chinese channels supplied by TVB as well as two new exclusive Chinese movie channels and a wide range of news and infotainment programmes from leading local and international content providers.

Galaxy's pay TV service is currently transmitted via satellite through existing SMATV and CABD networks into set-top boxes of individual homes. For more information, please visit www.extv.com.hk.

About HGC

Hutchison Global Communications Limited (HGC) owns the largest fibre-to-the-building telecommunications network in Hong Kong.

Since its establishment in 1995, it has been fully committed to building its own network infrastructure. With the scalability of its global bandwidth capacities and direct links to networks in Mainland China, HGC provides instant connectivity around the world, including Asia, North America and Europe.

Riding on HGC's advanced fibre-optic technology, customers enjoy leading-edge services such as Ethernet symmetrical broadband access, corporate data transmission solutions, International Private Leased Circuit services, Internet Protocol Transit services, as well as quality local and overseas call services. Building on its leading presence in Hong Kong, HGC is also establishing a strategic foothold in the global marketplace.

HGC is a subsidiary of Hutchison Global Communications Holdings Limited (HGCH). HGCH in turn is a member of the Hutchison Telecommunications International group (Hutchison Telecom) of companies. Hutchison Telecom is a leading telecommunications operator listed on the New York and Hong Kong stock exchanges.

A subsidiary of the multinational conglomerate Hutchison Whampoa, Hutchison Telecom is dedicated to providing superior telecommunications services globally in markets with high growth potential. For more information about HGC, please visit www.hgc.com.hk

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