Taiwan 3G operator Vibo Telecom to increase capital by NT$5 billion

Vibo Telecom, one of the five operators of 3G mobile communication services in Taiwan, will expand its paid-in capital by NT$5.0 billion (US$150 million) in the third quarter, according to company chairman Rock Hsu at a press conference on May 15.

For the capital expansion, Vibo will not preclude foreign investors, Hsu pointed out.

The Kinpo-Compal Group, of which Vibo is a member and Hsu is the chairman, will cooperate with Tecom, a maker of network equipment in Taiwan, to compete for a WiMAX operating license, Hsu said. If the license is obtained, Vibo will adopt base station equipment produced by Tecom to operate WiMAX mobile communication services, Hsu pointed out.

Article translated by Adam Hwang and edited by Ricky Morris