Hon Hai refutes claims of 4G deal with Vibo

23 Oct 2013

Taiwanese electronics contract manufacturing company Hon Hai Precision, which trades under the Foxconn banner, is said to have denied reports that it has inked a deal with local mobile network operator Vibo Telecom on 4G cooperation. According to the China Post, earlier this week Liberty Times suggested that Hon Hai had sent a team of employees to work at Vibo. Further, it was claimed that the two companies had signed a contract under which Hon Hai would acquire Vibo should it succeed in acquiring a 4G licence in the country’s ongoing spectrum auction. Such a deal, it was said, had been made with a view to allowing Hon Hai to shorten the time needed to roll out 4G base stations and expand retail coverage for its ‘InFocus’-branded handsets.

However, in response to the claims Hon Hai is said to have issued a statement saying that it has not signed any contracts with Vibo, nor taken any actions to acquire the operator, including sending a team to work at Vibo. For its part, while Vibo has also denied the reports of deal with Hon Hai, it has said it is ‘open to all kinds of cooperation’.