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Asia

Far EasTone Converges

10:15 AM -- Taiwanese mobile operator Far EasTone Telecommunications Co. Ltd. is to buy the 73 percent of fixed-line broadband operator New Century InfoComm Tech Co. it doesn't already own, to create a converged fixed/mobile company.

According to the Taiwan Economic News, Far EasTone, which has more than 6.2 million mobile customers, is paying around US$650 million for the stake in the broadband service provider, which offers its services under the Sparq brand.

— Ray Le Maistre, International Managing Editor, Light Reading

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