A trio of Taiwanese telecoms providers have announced their investment plans. The Far Eastern Group is spending TWD10.4 billion (USD340 million) in 2008 to boost its 3.5G and WiMAX operations. The group won a WiMAX licence covering southern parts of the country in the first half of 2007.
Meanwhile, Chunghwa Telecom plans to invest TWD46 billion during 2008-2012 with the aim of achieving 80% broadband coverage by 2011. Taiwan Mobile Company will accelerate the deployment of its fibre-optic network and announced plans to invest TWD8 billion, without specifying a timescale.