China Mobile gets green light to take first step into Taiwan

5 Mar 2010

Taiwan’s government has given permission for China Mobile to open a subsidiary on the island, making it the first mainland telecom Chinese firm to establish a foothold there, according to Agence France-Presse (AFP). The world’s largest mobile operator by users initially plans to sell electronic products wholesale in Taiwan, according to its application filed late last year. However, the Chinese cellco also has designs on a stake in Taiwanese operator Far EasTone, saying in April last year it aimed to buy a 12% interest for around USD785 million.

Taiwan, China Mobile, Far EasTone (FET)