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
Categories: Mobile Phone Tags: 17-8-billion, china-mobile, communications, eastone, engadget-mobile, fareastone, largest-carrier, nations, sense, surface, taiwan, unprecedented