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Fitel plans to downsize capital by 60%, raise new capital via private placement

Harris Lin, Taipei; Adam Hwang, DIGITIMES Asia 0

First International Telecom (Fitel), the only operator of PHS low-power mobile communication services, and a WiMAX licensee in Taiwan , plans to reduce its current paid-in capital of NT$4.5 billion (US$142 million) by 60% to cover its cumulative net...

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