Far EasTone Telecommunications Co (遠傳電信) expects a proposed merger with Asia Pacific Telecom Co (APT, 亞太電信) to add at least NT$3 billion (US$107 million) in earnings before interest, taxes, depreciation and amortization (EBITDA) in the first year of combination, mostly from savings in operating expenses regarding network deployment and operation.
Far EasTone on Friday unveiled its plan to acquire APT via a share-swap deal valued at about NT$24.7 billion.
The company plans to issue 356.7 million new shares for APT shareholders, it said.
“This [NT$3 billion] is a rather conservative estimate,” Far EasTone president Chee Ching (井琪) told an online investors’ conference