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Mon, Jul 08, 2002 - Page 11 News List

`No place else has this kind of coverage'

After five years in Taiwan, Joseph O'Konek, former president of Far EasTone Telecommunications Co, left the helm of one of the key telecom players last month to go back to the US. Before leaving he sat down to talk with `Taipei Times' staff reporter Annabel Lue to discuss his plans and thoughts on the nation's telecom sector

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Again, with nearly 100 percent [mobile] penetration [in Taiwan], not everybody is going to go out and buy the next new thing next year.

That happens over time, to get the migration, and some compelling reasons, such as content is needed.

In Taiwan, from 1998 it took about two years to get 25 percent [mobile services penetration], and once you got 25 percent it just took off.

We've seen the same phenomenon in every consumer product in the 20th century.

TT: What do you think Taiwan or Far EasTone's next step should be? Head to China like everyone else?

O'Konek: From a company perspective, I wouldn't say the direction to go is clear since China is going to protect its cash cow, and telecom is a cash cow. Basically the market in China is still a monopoly under government control.

Will any Taiwanese wireless operators set up in China and run their own brands in the next five years? I don't predict that will happen. That means our opportunity is to leverage content and experience here to create some partnerships [with companies in China].

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