Tecom increases stake in WiMAX licensee

3 Dec 2007

The Taiwanese equipment manufacturer Tecom has upped its interest in regional WiMAX licence holder WiMAX Telecom to 44.25%. Tecom’s parent company, Teco Electric & Machinery, also has a 10% stake in the WiMAX operator, DigiTimes reports. WiMAX Telecom (not to be confused with the European operator of the same name) was awarded a licence covering northern Taiwan in July. Its other shareholders include 3G operator Vibo Telecom. Tecom expects to begin shipping WiMAX equipment to its subsidiary by the end of the year, with plans also afoot to develop WiMAX consumer premises equipment (CPE).