China Mobile given OK to set up shop in Taiwan
It’s not every day that a Chinese company gets regulatory approval to invest in Taiwan. Actually, a Chinese company has never before been given permission to invest in Taiwan’s communications infrastructure, so it’s pretty big news here that the world’s largest carrier by subscribers — China Mobile — has just been greenlighted to set up a subsidiary there. Initially, they’re going in under the guise of becoming an electronics wholesaler, but longer term, they’re interested in taking a 12 percent stake in local carrier Far EasTone that would work out to $17.8 billion Taiwan dollars (roughly $558 million) which would represent a pretty unprecedented level of technical synergy between the nations. What’s more, Taiwan is toying with TD-SCDMA these days — China Mobile’s forte — so on the surface, the move seems to make good business sense.
China Mobile given OK to set up shop in Taiwan originally appeared on Engadget Mobile on Fri, 05 Mar 2010 11:34:00 EST. Please see our terms for use of feeds.