Want China Times — Taiwan’s Industrial Development Bureau signed a pact with four Taiwanese wireless carriers on Wednesday to develop smart city applications nationwide, based on the fourth-generation (4G) mobile network. The bureau has approved 19 proposals put forward by Chunghwa Telecom, Taiwan Mobile, Far EasTone Telecommunications and Asia Pacific Telecom and estimated to cost NT$5.8 billion (US$179 million) over the next three years.
Internet of Things (IoT) starts to deliver against the hype next year following this year’s explosion of new IoT-related solutions, including consumer wearables, smart home products and industrial IoT solutions. IDC lists the following top 10 key IoT predictions that it believes will have the biggest impact in 2015 on the IoT industry in Asia Pacific excluding Japan. First, partnerships between IoT vendors (including ODM/OEM vendors) and non-tech consumer goods’ brands will emerge rapidly to create a sizable market opportunity for the IT industry.
TAIPEI, Taiwan — Asia Pacific Telecom (APT,亞太電信) Chairman Lu Fang-ming (呂芳銘) yesterday stated that shifting its 4G network launch date from the first quarter of next year to before the end of this year is the best path for the company, he said at the firm’s extraordinaire shareholders’ conference. Shareholders questioned APT executives on the lack of progress in its forthcoming 4G network, as the technology has already been implemented by rivals in the sector.
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.
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.
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.
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.
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.
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.
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