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Fitel to raise funds for WiMAX operations

Kaddy Chung, Taipei; Adam Hwang, DIGITIMES Asia 0

Fitel's board of directors, on September 5, decided to issue 250 million new shares for sale to target investors at a tentative price of NT$12 per share to raise NT$3.0 billion (US$90.9 million) in capital to set up and operate a WiMAX network, according...

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