Qualcomm and Teleepoch Enter Into a 3G CDMA Subscriber Unit License Agreement, October 6, 2007

MTN chooses Cambridge Broadband Networks for multi-service wireless network in Rwanda, October 6, 2007

Brazilian government to publish 3G bidding rules soon, October 6, 2007

KTF 3G service suffers from technical problems, October 6, 2007

Argentina’s Personal lunches 3G service in Rosario, October 6, 2007

Russia has it's first 3G network, October 6, 2007

AT&T could drop Alcatel-Lucent as 3G mobile network supplier, October 6, 2007

Enea Extends License Agreement with ZTE for 3G Handsets, October 2, 2007

LG to unveil premium handsets in Brazil, October 2, 2007

KTF 3G subscribers doubled in less than 3 months, October 2, 2007

3G policy in India will be non-uniform, October 2, 2007

- previous news

FarEasTone overtakes Chunghwa in KG Telecom takeover

July 19, 2003 - source: BWCS

After months of rumours, Taiwan’s third largest mobile operator FarEasTone yesterday confirmed it is to acquire smaller rival KG Telecom. The company has signed a letter of intent to buy 100% of KG in a cash and stock swap deal valued at US$876 million, which makes it the largest telecoms acquisition in the country to date.

KG telecom does not have a 3G licence and the takeover by the 3G licence holder FarEasTone would be welcome by NTT DoCoMo which has a 21.4% stake in KG Telecom. DoCoMo can now offer its 3G experience and service through FarEasTone.

However, NTT DoCoMo said it is still considering its strategy regarding its 21.4% stake in KG Telecom

The combined 7.73 million customer base of the two operators will roughly match those of market leaders Chunghwa Telecom and Taiwan Cellular, greatly improving the duo’s position in the highly competitive Taiwan mobile market. Chunghwa currently has 7.67 million subscribers, while Taiwan Cellular, which gained the Number One spot when it swallowed up TransAsia Telecommunications in 2001, has 8.73 million customer.

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