FarEasTone

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FarEasTone Telecommunications Co., Ltd.
遠傳電信股份有限公司
Type Public company
Industry Telecommunications
Mobile Communications
Founded 1997
Headquarters Taipei City, Taiwan
Key people Jan Nilsson, President
Products Mobile services,
Data services
Website http://www.fetnet.net/

FarEasTone Telecommunications (FarEasTone; Chinese: 遠傳電信股份有限公司; pinyin: Yuǎnchuán Diànxìn Gǔfèn Yǒuxiàn Gōngsī) is a Telephone company in Taiwan.

Service launch[edit]

Far EasTone was awarded two wireless (GSM 900 and GSM 1800) service licenses in January 1997. Far EasTone launched its service and the first fully integrated dual-band system in the world in January 1998 to provide high-quality GSM services to all Taiwanese people.

Far EasTone was the first to offer Taiwan consumers numerous value-added services such as: the Java 32K SIM Toolkit, Mobile Banking, m-commerce, real-time access to financial, entertainment and headline news, mobile fax/mail; logo download and e-coupons.

Far EasTone was the first company in the world to design and build a network based on integrated dual-band (GSM 900 and GSM 1800) technology.

In March 1999, after only fourteen months in business, Far EasTone achieved one million revenue-producing customers, reaching this milestone faster than any other GSM operator in the world.

In the year 2000, Far EasTone's revenues reached NT$32.18 billion and after-tax net income was NT$4.039 billion. The company’s total revenue for the year 2001 was NT$34,544 million and the EPS is NT$3.52. The company was listed on the Taiwan OTC Stock Exchange in December 2001 under the ticker code 4904.

FarEasTone head office

In the year 2002, Far EasTone's subsidiary Yuan-Ze Telecommunications has won a 3G license in Taiwan (License A) at a price of NTD 10,169 million, or NT$ 12.86 per MHz per head of population, the lowest price to date in Asia for a 3G license on the 2 GHz band.

In March 2003, FET marched into the next generation mobile service - FET Br@vo which is the first multimedia service plans in Taiwan. The Br@vo service plans provide FET customers a comprehensive offer to enjoy the mobile multimedia life. In March 2003, made the Taiwan’s first live 3G video call, marking a significant step forward in the evolution and development of multimedia services succeeding its launch of FETBr@vo services. In the same year of July, Far EasTone Enhanced its Multimedia Portfolio with Innovative Video Clips via MyFETBr@vo.

October 1996, the Far Eastern Group, a joint venture with AT & T Remote Telecom Preparatory Office. January 1997, remote access to two mobile telecommunications concession license (GSM900 and GSM1800) [2], the door was equipped with a mobile phone number prefix for the region 0936 and 0931 North. January 1998, Far EasTone official Founding. December 2001, Far EasTone formally in the ROC OTC counter securities, stock code 4904 [2]. February 2002, Far EasTone subsidiary Yuan-Ze Telecom standard for Taiwan's third-generation (3G) mobile communications licenses. January 2004, Far EasTone Telecom merger. February 2004, a subsidiary of Far EasTone reinvested FETC (Far East Consortium) in the "electronic highway toll collection system" standard case runoff election win. February 2005, Far EasTone get Arcoa 55.3% stake. May 2005, Far EasTone formally merged with Yuan-Ze Telecom. August 2005, Far EasTone official stock exchange in Taiwan listed stocks electronically. September 2006, Far EasTone provide 3G transmission services. May 2007, achieved a 51% equity interest in Far EasTone from Q-ware Communications division of Q-Ware to extend the scope of wireless communications services. August 2007, the industry's first to launch FarEasTone household 3G Internet connection "remote large broadband." August 2007, Far EasTone shares to be issued to the transferee 24.5% held by SingTel NCIC shares. April 2008, the integration of remote telecommunications business group's companies (Subscription, SEEDNet), push a single brand. April 30, 2009, China Mobile 40 yuan per share of NT will subscribe for new shares of Far EasTone total 444 million private placement shares, shares in Taiwan Far EasTone, spend NT $ 17.773 billion yuan. After the completion of the transaction, the amount of foreign ownership: NTT DoCoMo holds 4.1%, SingTel holds 3.5%, China Mobile holds 12%. [1] December 16, 2009, Far EasTone get WiMAX licenses, and from December 22, began offering WiMAX transmission services. April 27, 2012, SingTel sale of the company held 3.98% of all shares of Far EasTone, then back to the present value of funds raised approximately NT $ 8.03 billion yuan (about 339 million Singapore dollars). [2] April 18, 2013, China Mobile announced the termination of a stake in Far EasTone case, the parties and signed a bilateral cooperation agreement. [3] June 2013, Far EasTone by ISO 27001 Information Security Management System certification. July 2013, Far EasTone through ISO 9001 certification - billing services. October 30, 2013, Taiwan's 4G LTE standard license bidding Case Closed, Far EasTone to NT $ 31.315 billion yuan bid for the LTE frequency bands (700MHz A2/1800MHz C3, C4), a total bandwidth of 30 MHz, and declared the fastest will be Founding in 2014. [3] June 3, 2014, held a press conference in Far EasTone Far Eastern Plaza Hotel, announced that 4G Founding. [4]

Merger[edit]

Far EasTone merged KG Telecom at the early of 2004 and this merger is the largest the Taiwan telecom industry has ever seen and makes the much larger and stronger FET the leader among the Big 3 Taiwan telecom companies.

FET commercially launched “FET 3G Multimedia Services” in July 2005 and was officially listed on the Taiwan Stock Exchange in the electronic sector in August, 2005. Meanwhile, according to Oct. 24, 2005 issue of BusinessWeek, FET was ranked among one of Asian BusinessWeek’s top 150 Asian leading performers. FET was the only Taiwan telecom operator to make the list.

Subscribers and market share[edit]

The total number of subscribers between the Company and KGT was 6.13 million at the end of December 2008. On the Taiwan mobile market (2 & 3G) the market shares were as follow: CHT at 35%, TWM at 25%, Fareastone (FET) at 24%, APTG Telecom and Vibo at 10%, and PHS at 6%.[1][2]

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