FET considers pay-TV move

23 Sep 2009

Taiwanese mobile operator Far EasTone (FET) has announced that it is considering a move into the cable television market, Reuters reports, citing Chinese language daily The Commercial Times. FET has reportedly contacted private equity firm MBK Partners with a view to purchasing its controlling interest in Taipei-based cableco China Network Systems in a deal worth up to TWD60 billion (USD1.85 billion). Jeffey Gee, president of New Century InfoComm, a unit of FET, said: ‘We are interested in moving into the sector, but it depends on the price.’ The announcement comes shortly after rival cellco Taiwan Mobile expanded its presence in the pay-TV sector, striking a USD1.7 billion deal with the Carlyle Group to take on its 60% stake in kbro (formerly Eastern Multimedia Co).

Taiwan, Far EasTone (FET), New Century InfoComm (Sparq)