Sino-i.com chairman Yu Pun-hoi is playing down concern that a proposed cable-television venture will be limited by the low fixed-line market share of its partner, Hutchison Telecom. 'We would not rule out co-operation with other fixed-line network operators,' Mr Yu said. 'I believe wide-content coverage of our television programmes would attract [their] participation.' The company is among 10 that earlier this month applied for a pay-television services licence. Hong Kong Network TV would use Hutchison's fixed-line network to help deliver the pay-TV service. The combined market share of Hong Kong's three fixed-line service providers other than former monopoly Cable & Wireless HKT - Hutchison, New T&T and New World Telephone - is less than 5 per cent. Sino-i.com senior financial officer Walter Ng said Hong Kong Network TV was preliminarily planning to have 60 channels from Taiwan, Philippines, Japan and South Korea. This would be in addition to content provided by Cable TV. 'Our subscription fee will certainly be lower than that of Cable TV,' he said, adding that the service could begin as early as the first quarter next year if the Government granted it a licence. Mr Ng said the new venture planned to buy more than 85 per cent of its content from external sources and invest up to $400 million in the first few years. Sino-i.com, meanwhile, aims to dispose of properties, mainly in Hong Kong and the mainland, worth $400 million in the next three to four months. This would help reduce debt, which amounts to about $650 million. After completion of a $257 million sale of a hotel in Manila, Sino-i.com's debt to equity ratio is expected to fall to 89 per cent from 146 per cent on March 31.