Foxconn chief talks up ecosystem beyond devices

LIVE FROM MOBILE ASIA EXPO 2014: Terry Gou (pictured), founder and CEO of device manufacturer Foxconn, used today’s Global Device Summit to talk up the importance of the wider ecosystem, noting that “terminals alone cannot meet our needs. We need to create a smart society”.“Devices are terminals. Cloud computing, cloud storage and transmission through the internet have to be integrated,” the executive said in his keynote presentation.

http://www.mobileworldlive.com/foxconn-chief-talks-ecosystem-beyond-devices

Hon Hai Acquires 15% Stake In Asia Pacific Telecom For NTD11.64 Billion

Hon Hai Group submitted a filing to Taiwan Stock Exchange which revealed that its subsidiary Ambit Microsystems Corporation will invest NTD11.64 billion to buy newly issued shares of Asia Pacific Telecom, a Taiwanese telecom carrier. The company may implement a merger with the latter in the future. Hon Hai said in the filing that Asia Pacific Telecom will issue 826.407 million new shares.

http://www.chinatechnews.com/2014/05/29/20569-hon-hai-acquires-15-stake-in-asia-pacific-telecom-for-ntd11-64-billion

Foxconn to expand outside manufacturing with $390M telecom merger

Foxconn, the Taiwan-based company that manufactures gadgets for Apple, Microsoft, Cisco, and others, aims to become a major force in Taiwan’s emergent market for 4G. The gadget supplier will buy a stake worth $390 million in Asia Pacific Telecom, a Taiwanese mobile telecoms operator, reports Reuters.

http://venturebeat.com/2014/05/27/foxconn-to-expand-outside-manufacturing-with-390m-telecom-merger/

Foxconn goes mobile

Foxconn  is writing a $390 million cheque for the Taiwanese mobile telecoms operator Asia Pacific Telecom  as part of a cunning plan to expand into the 4G telecoms market. Foxconn and Asia Pacific are expected to merge fully via a share swap once the small print is worked out by June 20. The world’s largest contract manufacturer of electronic goods wants to expand its operations to include software, 4G services and cloud computing.  It also has a licence to operate part of Taiwan’s 4G spectrum.

http://news.techeye.net/mobile/foxconn-goes-mobile

Asia Pacific Telecom shares get boost on buy-out hopes

TAIPEI — Shares of Asia Pacific Telecom Co. (亞太電信) got a boost Thursday morning after Taiwan Star Cellular Corp. (台灣之星) formally announced a bid a day earlier to acquire the company, dealers said. Shares of Asia Pacific Telecom rose 7 percent, the maximum daily increase, to close at NT$17.90 (US$0.59) with 102.95 million shares changing hands. The weighted index on the Taiwan Stock Exchange ended up 0.42 percent at 8,930.90 points.

http://www.chinapost.com.tw/business/company-focus/2014/05/09/407284/Asia-Pacific.htm

Taiwan Star sets sights on acquiring Asia Pacific Telecom

TAIPEI — Taiwan Star Cellular Corp. (台灣之星), a telecom arm of conglomerate Ting Hsin International Group (頂新), said it is seeking to acquire Asia Pacific Telecom Co. (亞太電) in a bid to consolidate the resources of the two companies. Cliff Lai, president of Taiwan Star, said his company is sitting on huge funds and has a 4G license, a broad distribution network and plenty of talent for business expansion.

http://www.chinapost.com.tw/business/company-focus/2014/05/08/407209/Taiwan-Star.htm

Hon Hai, SoftBank may go after Asia Pacific Telecom

TAIPEI, Taiwan — Reports emerged yesterday suggesting that Hon Hai Precision Industry (鴻海精密) and Japan’s SoftBank are among the list of likely candidates vying to acquire languishing Asia Pacific Telecom (APT, 亞太電信). According to local reports, Hon Hai intends to expend as much as NT$10 billion to acquire a 22-percent stake in APT from state-run companies and affiliates

http://www.chinapost.com.tw/business/asia-taiwan/2014/05/06/406998/Hon-Hai.htm