Fitel given time to restructure

16 Sep 2008

The Taiwanese PHS mobile operator First International Telecom (Fitel) has secured approval from courts to prevent creditors from seizing its assets. A report from DigiTimes says Fitel made a request to the court last week for protection of its assets while it undergoes a corporate restructuring in an attempt to deal with its recent financial difficulties.

Taiwan, First International Telecom (Fitel)