The Fair Trade Commission (FTC) yesterday approved Far EasTone Telecommunications Co’s (遠傳電信) bid to take over Hiiir Inc (時間軸科技) to provide mobile application services, saying the deal will not decrease competition in the telecommunication service and mobile service application markets.
Far EasTone is the nation’s No. 3 telecom operator, accounting for more than one-quarter of Taiwan’s telecommunication service market, while Hiiir holds a less than 5 percent share of the domestic mobile application services market, the commission said.
On June 11, Far EasTone announced it would acquire Hiiir for NT$100 million (US$3.34 million).
The commission gave its green light to the deal, given that the nation’s telecom market is tightly regulated by National Communications Commission (NCC) and there are other strong competitors in the market.
As for the mobile service application market, Hiiir Inc only accounted for a small market share and there are many companies capable of providing such services because the barrier to entry is low, the commission said.
Moreover, Far EasTone and Hiiir still have to compete with Google Inc and Apple Inc, and the combined entity does not have the potential to monopolize the mobile application service market, but should benefit competition in the telecommunication service market.
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