Fitel WiMAX spin-off rejected

7 Jul 2008

Taiwan’s telecoms regulator the National Communications Commission (NCC) has refused a request by First International Telecom (Fitel) to spin off its WiMAX business into a separate company. The telco had hoped to raise funds for its WiMAX network build-out by separating its WiMAX business from its cellular operations, but the NCC says that Fitel’s WiMAX licence is not transferable and ‘cannot be leased to a third-party’, WiMAX Day reports.