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Taiwan Mobile to acquire Taiwan Star

4 Jan 2022

Taiwan Mobile, the country’s second-largest wireless operator in terms of subscriptions, has unveiled plans to acquire smaller rival Taiwan Star. The deal was announced on 30 December 2021 and is expected to conclude by 30 September 2022, following the receipt of approval from the National Communications Commission (NCC) and the Fair Trade Commission (FTC).

Taiwan Mobile will be the surviving company post-merger, with Taiwan Star shareholders gaining a roughly 7.4% stake in the enlarged company as a result of the deal. In order to facilitate the transaction, Taiwan Mobile says it will issue a total of 282,222,106 new shares to Taiwan Star shareholders.

Taiwan Mobile notes that the deal will allow it to enlarge its customer base and increase its spectrum resources as it seeks to achieve greater economies of scale.

Taiwan, Taiwan Mobile Company (incl. TWM Solution/TWM Broadband), Taiwan Star (T STAR)

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