Taiwan Mobile to up stake in TFN

2 Mar 2007

Taiwan Mobile has announced that it plans to increase its stake in wireline operator Taiwan Fixed Network (TFN). The cellco already holds 9.95% of TFN and is looking to acquire between 41% and 90% through a public offer via its subsidiary Taihsing International Telecommunications (TIT). DigiTimes reports that TIT will fund the acquisition via bank loans, plus a loan and a cash injection from its parent. Taiwan Mobile says the deal should boost its annual turnover by 19%.

Meanwhile, Taiwan’s third largest cellular operator Far EasTone (FET) has been classified as a leading operator by the country’s telecoms regulator, the National Communications Commission (NCC). The official recognition means that FET must now submit all proposed tariff alterations to the NCC for approval. To be classed as a leading player an operator must have a market share of at least 25%.