Chunghwa Telecom to spend NT$20-30 billion

date: February 8, 2002

Taiwan's Chunghwa Telecom that recently bided successfully for a 3G license in Taiwan, are planning to invest NT$20-30 billion (US$570-860 million) in its initial phase of 3G service network.

It is expected to take 15 years to recover its investment of the 3G license, NT$10.179.

Experts believe the price of the licenses could make it difficult for operators to make profits.

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