Page 2 - Chee Ching News Today

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 iss...

Far EasTone Telecommunications Co (遠傳電信) yesterday said it is to merge with Asia Pacific Telecom Co (亞太電信) in a share swap worth about NT$24.7 billion (US$881.48 million), which would be the latest consolidation in Taiwan’s telecom industry. Based on the statement, each share of Asia Pacific Telecom would be swapped for 0.093 Far EasTone shares. The deal is expected to be completed on Sept. 30. The announcement follows a plan by Taiwan Mobile Co (台灣大哥大) to acquire sma...

Soi Cheang Pou Soi’s Limbo leads the field for the 40th Hong Kong Film Awards with a remarkable 14 nominations, the organisers announced at a press conference on Wednesday. A visually striking, black-and-white crime thriller that tells a nihilistic tale of despair and redemption set in a city rotten to the ground, Limbo stars Lam Ka Tung and Mason Lee...

Far EasTone Telecommunications Co (遠傳電信) yesterday called on its local peers to set “rational” 5G flat rates, as the low rates in the market are harmful to the industry. Far EasTone said that a monthly rate of NT$1,399 for unlimited data is too low to make a decent profit after deducting a handset subsidy of about NT$400. The market situation contributed to poor financial performances by the nation’s smaller telecoms such as Taiwan Star Corp (台灣之星) and Asia Pacific Telecom...

The government has limited means when asking telecoms to lower 5G fees, despite customer complaints, the National Communications Commission (NCC) said yesterday. The nation’s 5G services came under scrutiny at a meeting at the legislature’s Transportation Committee last week, as the technology’s penetration rate remained at about 12 percent since telecoms launched services in June last year. Lawmakers said that one of the main reasons that people did not upgrade their 4G services to the fa...

The second day of COMPUTEX Forum, organized by TAITRA, featured "Critical Technology" and "Tomorrow Tech."

The Ericsson Unboxed virtual is on next week, offering live demonstrations of the latest 5G innovations, market research and case studies. Ericsson CE...

FET unveils 5G subscriber goal THREE-YEAR PLAN: A company executive said that its 5G penetration rate would reach 50 percent in three years, with young, urbanized people early adopters By Lisa Wang / Staff reporter Far EasTone Telecommunications Co (FET, 遠傳電信) has set a goal to convert more than half of its post-paid mobile subscribers to 5G within three years of the debut of the services in July last year, the company said yesterday. The up...

MediaTek is working with Ericsson and Far EasTone in Taiwan. (Ericsson) 5G chipmaker MediaTek is testing its products on a live network, using spectrum supplied by Far EasTone and Ericsson radio equipment. The companies worked together to create a private network that connects MediaTeks three manufacturing partner sites and its headquarters in Taiwans HsinChu Science Park.  MediaTek was already testing its 5G chipsets with help from Ericsson, which has a 5G standalone and non-standalone t...

News Analysis Robert Clark 2/17/2021 Taiwans Chunghwa Telecom is boosting capex this year to NT$43.1 billion ($1.5 billion) as its 5G rollout reaches its peak. Executive Vice President Rong-Syh Lin said Wednesday 5G would account for around 40% of the total investment, which is a hefty 85% hike over last year, Anue website reported. The company revealed at a results briefing last week that its 2020 capex total of NT$23.3 billion was nearly a quart...