Far EasTone
Taipei City, Taiwan | |
Key people | Yvonnne Li, President Chee Ching, President-select |
---|---|
Products | Mobile services, Data services |
Website | http://www.fetnet.net/ |
Far EasTone Telecommunications (Far EasTone/FET; Chinese: 遠傳電信股份有限公司; pinyin: Yuǎnchuán Diànxìn Gǔfèn Yǒuxiàn Gōngsī) is a telecommunications company based in Taiwan. It is the third largest behind Chunghwa Telecom and Taiwan Mobile.[citation needed]
History
Far EasTone was founded in October 1996 by the
Far EasTone was the first Taiwanese company to offer the Java 32K SIM Toolkit, mobile banking, mobile commerce, real-time access to financial, entertainment and headline news, mobile fax/mail, logo download and e-coupons. In March 1999, after fourteen months in business, Far EasTone achieved one million revenue-producing customers, faster than any other GSM operator.[2]: 7
The company was listed on the
On December 16, 2009, Far EasTone acquired
List of presidents
- Joseph O'Konek (May 1998 – 30 June 2002)[5]
- Jan Nilsson (1 September 2002 – September 2010)[6]
- Yvonne Li (10 September 2010 – January 2019)[7]
- Chee Ching (since 7 January 2019)[8]
Mobile Network Information (Radio Frequency Summary)
Frequency | Technology Type | Band | Bandwidth | Attributes |
---|---|---|---|---|
2100 MHz | LTE-A, WCDMA | 1 | UMTS/WCDMA service was terminated on 31 Dec 2018. , This frequency was refarmed to LTE to increase capacity during times of congestion. | |
700 MHz | LTE-A | 28 | 2x10 MHz | This frequency is to provide supplemental coverage in areas where the 1800 MHz or 2600 MHz frequencies are weak or non-existent. (Acquired from digital TV spectrum auction after analogue TV was switched off). |
1800 MHz | LTE-A | 3 | 2x20 MHz | Main LTE band for most services. |
2600 MHz | LTE-A | 7 | 2x20 MHz | This frequency acts as a capacity booster to supplement the 1800 MHz frequency in certain areas. |
2600 MHz | LTE-A | 38 | 25 MHz | Same frequency as band 7, but using TD-LTE modulation to increase download capacity in high traffic areas. |
3.5 GHz | NR | n78 | 80 MHz | Deploying/in progress |
28 GHz | NR | n257 | 400 MHz | Recent won in a spectrum auction in early 2020. In trial. |
Mergers and acquisitions
The parent company of KG Telecom , NTT Docomo, reportedly proposed in 2003 that KG Telecom and Far EasTone swap shares in a merger.[9] A deal was reached in that July,[10][11] only to fall through in August.[12] Another round of negotiations produced a second agreement in October 2003.[13][14] In April 2004, the merger was finalized,[15] and became the largest ever acquisition in the Taiwanese telecom industry.[11] In February 2005, Far EasTone bought a 55.3% stake in Arcoa. In May 2005, Far EasTone formally merged with Yuan-Ze Telecom. In May 2007, the company bought a 51% equity interest in Q-ware Communications to extend the scope of its wireless communications services.[2]
In August 2007,
According to a July 5, 2015 article in The Wall Street Journal, there was a consortium seeking to buy cable television company China Network Systems from the private equity firm MBK Partners LP, led by the company and Morgan Stanley.[20]
FarEasTone announced in February 2022 that the company would acquire Asia Pacific Telecom in a stock swap,[21] resulting on the merger between two telecom.[22]
The total number of subscribers between the Company and KGT was 6.13 million at the end of December 2008. In the Taiwan mobile market (2 & 3G) the market shares were as follows: Chunghwa Telecom at 35%, Taiwan Mobile at 25%, Far EasTone at 24%, Asia Pacific Telecom and
See also
References
- Bloomberg.com. Retrieved 2016-05-01.
- ^ a b c d e 2008 Annual Report FET. Retrieved 2016-05-01.
- ^ Su, Wenbin (2009-12-16). "NCC發給遠傳、威邁思WiMAX營運執照" (in Chinese). iTHome. Retrieved 2016-05-02.
- ^ Xiao, Fengzi (2013-10-31). "台灣 LTE 4G 競標結果解析與後續發展預測" (in Chinese). Techbang. Retrieved 2016-05-02.
- ^ Lue, Annabel (27 April 2002). "Head of Far EasTone to step down". Taipei Times. Retrieved 19 December 2018.
- ^ "FarEasTone appoints president". Taipei Times. Retrieved 19 December 2018.
- ^ "FET appoints new president". Taipei Times. 1 September 2010. Retrieved 19 December 2018.
- ^ Wang, Lisa (19 December 2018). "Far EasTone names new president". Taipei Times. Retrieved 19 December 2018.
- ^ "DoCoMo urges share swap". Taipei Times. 11 July 2003. Retrieved 19 December 2018.
- ^ Lue, Annabel (18 July 2003). "Far EasTone absorbs KG Telecom". Taipei Times. Retrieved 19 December 2018.
- ^ a b "Far EasTone Finalizes KG Telecom Merger". The Wall Street Journal. 8 August 2003. Retrieved 19 December 2018.
- ^ Lue, Annabel (30 August 2003). "KG Telecom calls off merger plans". Taipei Times. Retrieved 19 December 2018.
- ^ Chen, Kevin (8 October 2003). "Far EasTone makes deal to acquire KG Telecommunications". Taipei Times. Retrieved 19 December 2018.
- ^ Lue, Annabel (9 October 2003). "Telecoms merger spices up market for 3G services". Taipei Times. Retrieved 19 December 2018.
- ^ "Ratings steady for phone firms". Taipei Times. 11 August 2004. Retrieved 19 December 2018.
- ^ "SingTel in NCIC/Far EasTone share swap deal". Telegeography. Archived from the original on 2016-06-04. Retrieved 2016-05-02.
- ^ "China Mobile to take stake in Taiwan's Far EasTone". China Daily. Retrieved 2016-05-02.
- ^ "SingTel says sells stake in Far EasTone for $273 mln". Reuters. 2012-04-27. Retrieved 2016-05-02.
- ^ Poon, Paul; Mozur, Paul (2013-04-18). "China Mobile Scraps Tie-Up With Far EasTone". The Wall Street Journal. Retrieved 2016-05-02.
- ^ Carew, Rick (2015-07-05). "Far EasTone, Morgan Stanley Group Near $2.3 Billion Cable TV Deal in Taiwan". The Wall Street Journal. Retrieved 2016-05-01.
- ^ Wu, Jeffrey; Jiang, Ming-yan; Chung, Jung-feng; Huang, Frances (25 February 2022). "Far EasTone to merge Asia Pacific Telecom in stock-swap deal". Central News Agency. Retrieved 26 February 2022.
- ^ Wang, Lisa (February 26, 2022). "Far EasTone says it plans to merge with Asia Pacific". Taipei Times. Retrieved January 11, 2024.
- ^ Chen, Ted (2016-04-29). "Credit Suisse welcomes telecoms' price increases". Taipei Times. Retrieved 2016-05-01.