Business Services Industry
Chunghwa eyes bid for 3G licenses in China.(NEWS ANALYSIS)
Wireless Asia, January, 2007 by Carter, Robert K.
Taiwan's top telecom carrier Chunghwa Telecom plans to make a historically unprecedented bid to enter Chinas new 3G market, if it can find a way around the daunting legal obstacles.
China will raise the ceiling of foreign ownership in its telecom companies to 49% this year in a move to honor its commitment to the World Trade Organization, a change which Chunghwa hopes will provide an opening to expand across the Taiwan Strait.
Chairman Ho Chen Tan said in a recent public appearance that his company plans to bid for a 3G license when the mainland offers up the licenses for auction.
Legal obstacles
There's one big problem, however. The government of Taiwan, which holds a 35.4% stake in Chunghwa Telecom, a formerly state-owned...
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