Taiwan Mobile Co (台灣大哥大) is deepening its partnership with SK Telecom Co in an effort to outpace rivals in rolling out 5G services in the third quarter this year.
The nation’s second-biggest telecom operator yesterday inked a memorandum of understanding with the South Korean company, which would see the two companies integrate their 5G technologies and resources to develop new broadband applications for enterprise clients.
Their collaboration would focus on 5G network deployment, upgrading Internet efficiency and technology transfer, Taiwan Mobile said.
“As South Korea is the first country in the world to roll out 5G services, it has accumulated the largest number of 5G users. We hope to leverage SK’s leadership in South Korea to build up our 5G network fast, develop 5G applications and promote the user experience in Taiwan,” Taiwan Mobile chief technology officer Tom Koh (郭宇泰) said in a statement.
The two companies have collaborated on 3G and 4G network deployment and upgrades since 2013.
Taiwan Mobile last week secured 60 megahertz (MHz) of 5G bandwidth in the 3.5 gigahertz (GHz) band, the smallest among the nation’s big three telecom operators, along with 200MHz in the 28GHz band for a total cost of NT$30.66 billion (US$1.01 billion).
The firm plans to double its capital spending this year to NT$14.47 billion, mainly for 5G equipment deployment, it said in a regulatory filing on Friday.
Taiwan Mobile forecast that net profit would slump 27 percent to NT$9.47 billion this year from NT$12.97 billion last year, due to rising operating expenses and costs, while revenue is predicted to grow 8.1 percent to NT$134.53 billion from NT$124.42 billion last year, the filing showed.
Separately, Chunghwa Telecom Co (中華電信) has spent NT$7.39 billion on purchasing 5G equipment from Nokia Solutions & Networks Oy and Ericsson AB this year, it said on Friday.
The firm plans to allocate NT$30.7 billion for capital spending this year, it said.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
As they zigzagged from one machine to another in the searing African sun, the workers were covered in black soot. However, the charcoal they were making is known as “green,” and backers hope it can save impoverished Chad from rampant deforestation. Chad, a vast, landlocked country of 19 million people perched at the crossroads of north and central Africa, is steadily turning to desert. It has lost more than 90 percent of its forest cover since the 1970s, hit by climate change and overexploitation of trees for household uses such as cooking, officials say. “Green charcoal” aims to protect what
RSS