Taiwan Mobile Co (台灣大哥大) is studying the possibility of investing in the telecom markets of India and Indonesia, company chairman Richard Tsai (蔡明興) said at the annual general meeting.
Tsai told shareholders that the two markets offer good potential for growth, so the company is evaluating opportunities to invest there.
He said that while India already has many telecom services providers, leading to intense competition and a price war, it has a huge population, creating business opportunities, in particular in data transmission, which is expected to rise.
Photo: CNA
Tsai said that Taiwan Mobile is evaluating the likelihood of teaming up with local telecom operators to win a slice of the 4G market at a time when the Indian market is migrating to 4G technology.
However, any plans about investment in India still needs time to be finalized, he said.
In addition to the expansion in telecom services overseas, Tsai said that Taiwan Mobile has been eying the e-commerce potential in Southeast Asia, adding that Momo.com Inc (富邦媒), its e-commerce subsidiary, has been gearing up to explore the markets in the Philippines and Vietnam.
In particular, Momo.com is seeking a business partner in the Philippines and an agreement on a strategic partnership is expected to be reached by the end of this year, he said.
Taiwan Mobile holds a 51 percent stake in Momo.com, which has been listed on the local main board since December 2014.
In Thailand, Momo.com owns a 35 percent stake in e-commerce operator TVD Shopping.
Tsai said that TVD Shopping has become profitable and is planning to file an application next year to list its shares in Thailand’s stock market.
In Taiwan, Taiwan Mobile is determined to develop its third-party payment business, Tsai said, adding that the company is planning to start an over-the-top (OTT) content business by signing up for good drama series and movies from across the Taiwan Strait.
OTT content can be transmitted through delivery of audio, video and other media over the Internet without the involvement of a multiple-system operator.
Tsai said that Taiwan Mobile has set a target of boosting the number of its 4G subscribers to 5 million next year, up from 3 million at the end of last year, by encouraging existing 2G and 3G subscribers to migrate to 4G.
Shareholders approved a proposal for Taiwan Mobile to distribute NT$5.6 in cash dividends based on last year’s earnings per share of NT$5.76 for a payout ratio of 97 percent.
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce
RSS