Taiwan Mobile eyes investments in India, Indonesia

Taiwan Mobile is considering investing in the telecoms markets of India and Indonesia due to their strong growth potential.

At the operator's annual general meeting, chairman Richard Tsai said the company is evaluating opportunities to enter the markets, Focus Taiwan reported.

While Tsai acknowledged that India's overcrowded market has resulted in heavy price competition, he said that the large population is creating opportunities in segments including data transmission.

The operator is evaluating the possibility of teaming up with operators in India to carve out a slice of the nascent 4G market in the nation.

According to Tsai, the company has also been eyeing an entry into the e-commerce sector in Southeast Asia, with subsidiary momo.com preparing to explore the markets of the Philippines and Vietnam.

Domestically Taiwan Mobile is focused on developing its third party payment business while kicking off an OTT content business. Taiwan Mobile has meanwhile set a target of lifting its 4G subscriber base to 5 million in 2017 from 3 million at the end of 2015.