sentences:  Immediately after the deregulation of the telecommunication industry of Hong Kong in 2003, New World Telecommunications, along with Hutchison Global Communications, Wharf T&T, were the major competitors to PCCW (formerly Hong Kong Telecom), the dominant operator at that time.New World Telecommunications was aimed for business customers.New World Telecommunications had a sister company New World PCS Holdings which was a mobile network operator in Hong Kong.