Far Eastern Group reorganises

17 Mar 2008

Taiwan’s Far Eastern Group says it plans to unite its three local telecoms businesses – cellular operator Far EasTone, wireline operator New Century InfoComm (Sparq) and ISP SeedNet – into a new holding company, Far Eastern Telecoms Group (FETG). DigiTimes says the three firms will continue to operate under the own brand names but the restructuring is being carried out to streamline their operations.