Taiwan Limits Scope of Telecom Investment from Mainland

Sina Tech, 5/06/09

According to the Taiwanese 'Economic Daily News,' Fu Tung-ch'eng, vice-head of Taiwan's Mainland Affairs Committee, said on May 5 that the first round of Mainland investment into Taiwan's telecom industry would be restricted primarily to "class-2 telecom services" such as value-added services and phone card sales. "Class-1 telecom services" including wireless and fixed-line services, will not be among the industries opened for investment in the first round.

The announcement led to industry worries that China Mobile's (NYSE: CHL; 0941.HK) plan to purchase a stake in Far EasTone could be affected by the decision.

Editor's Note: For more background on the China Mobile-Far EasTone deal, please see "China Mobile to Purchase Stake in Taiwanese Operator, MD 4/30/09 issue.

Keywords: overseas 0941.HK China Mobile CHL Far EasTone telecom wireless calling card VAS

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily