Hon Hai named as potential 4G licence bidder

20 Jun 2013

Electronics contract manufacturing company Hon Hai Precision, which trades under the Foxconn banner, is reported to be keen to acquire a 4G licence in Taiwan, the China Post reports. The Taiwanese company has been named as one of a number of would-be bidders by the National Communications Commission (NCC) for the auction due to take place later this year, with Hon Hai said to be looking at the concession as it looks to increase its revenue sources. The report also claims that Hon Hai is examining its options for partnerships, noting that it could ink a collaboration pact for the 4G sector with Ruentex Group, a diversified business with interests ranging from real estate to textiles, finance and retailing; the two companies are said to be in the initial stages of discussion regarding such a tie-up.

Meanwhile, transportation and communications minister Yeh Kuang-shih named other potential 4G licence bidders as Shinkong Synthetic Fiber Corp and SRISTC. Yeh also reiterated that the result of the spectrum sale is expected to be announced by the end of August 2013.