Vee TIME outlines plans to merge Tatung InfoComm and VMAX

11 Apr 2014

Taiwan’s Vee TIME has confirmed plans to merge two of its wireless broadband provider subsidiaries, Digitimes reports. Under the plans, Tatung InfoComm, which provides services in the central and southern parts of the country, and VMAX Telecom, which operates in the north, will be combined under the former’s banner. Vee currently holds a 57.5% stake in InfoComm and 67.83% of VMAX, the report notes, and the merger will be achieved via a share swap of one share of InfoComm for 2.15 share of VMAX. Upon completion of that deal, multi-service operator Vee has also confirmed it plans to separate off its own WiMAX operations, with these to be merged with the combined Tatung. Before that, however, the merger plans for Tatung and VMAX will require approval from the National Communications Commission (NCC). Outlining its reasoning for the corporate shake-up, Vee is understood to have suggested that the move will expand its operational scale with a view to attracting strategic investors.