Vibo wins approval to buy Taiwan Star

Dylan Bushell-Embling
19 Sep 2014
00:00
News
Daily News

Taiwan's Vibo Telecom has won regulatory approval for its planned acquisition of fledgling 4G operator Taiwan Star Cellular.

The National Communications Commission (NCC) has approved the merger, which will involve Vivo buying out Taiwan Star but then assuming the latter's name, the Taipei Timessaid.

The regulator has determined that the merged company would still comply with legislation limiting foreign indirect ownership of a telecom company to below 60%.

Vibo was established in 2000, and has been a pure 3G operator since 2005. The company had around 1.8 million subscribers by the end of last year.

Taiwan Star is meanwhile a new entrant to the market, having launched trial LTE services in August ahead of a commercial debut this month.

The acquisition will give Vibo - which did not secure spectrum during last year's $4 billion 4G auction - an avenue to enter the LTE market.

The NCC has meanwhile granted a new 3G license for Asia Pacific Telecom, according to the report. But it stated that it has yet to see an application surrounding the planned merger of APT with Hon Hai affiliate Ambit Microsystems, and that neither company has yet been granted a 4G license

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