NCC told to investigate alleged investment in TBC by Chinese nationals

12 Dec 2013

Taiwan’s National Communication Commission (NCC) has been directed to examine claims that Taiwan Broadband Communications (TBC) has received funding from Chinese nationals, WantChinaTimes reports, citing its sister paper the China Times. It is understood that the Taiwanese legislature has called for the investigation following allegations that Chinese investors had been able to invest in the broadband provider via an affiliated company, Asian Pay Television Trust (APTT), which was listed on the Singapore Exchange in May 2013. Lin Kuo-cheng, a legislator with the ruling Kuomintang, is said to have asked the NCC to prioritise the issue, urging the regulator to find out exactly how many Chinese nationals have invested in TBC. Meanwhile, Kuan Bi-ling, a legislator with the opposition Democratic Progressive party, reportedly blamed the NCC for failing to monitor TBC’s overseas operations, and was cited as saying: ‘A red line should be drawn in order to prevent similar things happening again.’

Taiwan, National Communications Commission (NCC), Taiwan Broadband Communications (TBC)