New Century InfoComm (
New Century plans to offer 24 different services, including local, long-distance and international digital services by the end of this year.
But it declined to elaborate further on the nature of the 24 services.
The group is among four bidders that are vying for fixed network telecom licenses. As a whole, the four bidders have put up roughly NT$40 billion, the minimum required by government bidding rules, to invest in fixed network services as the industry deregulates later this year.
The Ministry of Transportation and Communication (
However, "That will not have any impact on our plan," said Laurence Yang (
Yang said that if the company receives the license, the public would be able to enjoy speed Internet connections as early as the end of this year.
According to a survey by Boston Consulting Group, the market is expected to grow from this year's NT$162.5 billion to NT$400 billion in 2010.
Yang said he expects fierce competition, but that New Century was prepared for the challenge.
"Although we are small now, in a hundred years, we will be an established company."
And to compete with Chung-hwa Telecom (中華電信) successfully, "We intend to provide differentiated services," Yang said.
For example, currently data transmission counts for just 5 percent of Chunghwa Telecom's revenue, compared to 50 percent for most other companies worldwide.
"We are going to build an island-wide fiber infrastructure since we are aiming at international class service," Yang said. The network would allow for faster data transmission than services available from Chunghwa Telecom, he said.
New Century's shareholders include Far Eastern Textile (
"Far Eastern Group has a sound financial basis, and local telecommunication business experience," said Sin Hang Boon (
SingTel has 15 bases worldwide and cable lines that are connected to the US, Japan and China. Once New Century is up and running, telephone users will be able to dial directly their friends in more than 200 countries via the international network.
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