Entries with tag 4g wireless.

Foxconn Moves into Telecommunications Services

Electronics maker Foxconn Technology Group of Taiwan is buying roughly 15 percentof Taiwanese mobile carrier Asia Pacific Telecom. In New Taiwan dollars, Foxconn is paying NT$11.6 billion (about $390 million), according to recent regulatory filings. The transaction—expected to be finalized 20 June 2014—is expected to help Foxconn establish a substantial market share in Taiwan’s emerging 4G-wireless market. Taiwan’s government awarded a 4G operating license to the company, which expects to offer services later this year. Foxconn—also known as Hon Hai Precision Industry—is best known in the US as the contract manufacturer for Apple products. The company is diversifying into other new markets, including software and cloud computing. (Reuters)(ZDNet)

UK Spectrum Auction Probed

The UK’s National Audit Office is investigating the June 2012 auction of 4G wireless spectrum by British telecom regulator Ofcom to determine whether it was handled in a way that would yield a fair amount of revenue for the government. The auction generated £2.3 billion (about $3.54 billion at press time) rather than the anticipated £3.5 billion (about $5.38 billion). The UK government had factored the expected earnings into its national budget, so the shortfall could cause fiscal problems. Some industry observers say that had there been more aggressive bidding, the auction could have yielded as much as £4 billion (about $6.15 billion). (SlashDot)(TechWeek Europe)(The Guardian)

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