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.
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
RSS