Taiwan Mobile eyes investments in India, Indonesia
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Taiwan Mobile is considering investing in the telecoms markets of India and Indonesia due to their strong growth potential.
At the operator’s annual general meeting, chairman Richard Tsai said the company is evaluating opportunities to enter the markets.
While Tsai acknowledged that India’s overcrowded market has resulted in heavy price competition, he said that the large population is creating opportunities in segments including data transmission.
The operator is evaluating the possibility of teaming up with operators in India to carve out a slice of the nascent 4G market in the nation.
According to Tsai, the company has also been eyeing an entry into the e-commerce sector in Southeast Asia, with subsidiary momo.com preparing to explore the markets of the Philippines and Vietnam.
Domestically Taiwan Mobile is focused on developing its third party payment business while kicking off an OTT content business. Taiwan Mobile has meanwhile set a target of lifting its 4G subscriber base to 5 million in 2017 from 3 million at the end of 2015.
Questions & Answers
Q.What is Taiwan Mobile's primary motivation for considering investments in India and Indonesia?
What is Taiwan Mobile's primary motivation for considering investments in India and Indonesia?
Taiwan Mobile is looking to invest in these telecoms markets because of their significant growth potential. The large population in India, for example, is seen to be creating opportunities, particularly in data transmission segments.
Q.How does Taiwan Mobile plan to enter the Indian market, given the existing competition?
How does Taiwan Mobile plan to enter the Indian market, given the existing competition?
Taiwan Mobile is evaluating the possibility of partnering with existing operators in India. Their aim is to secure a share of the developing 4G market, despite acknowledging the heavy price competition in the crowded market.
Q.Which specific e-commerce markets is Taiwan Mobile's subsidiary momo.com preparing to explore?
Which specific e-commerce markets is Taiwan Mobile's subsidiary momo.com preparing to explore?
Taiwan Mobile's subsidiary, momo.com, is preparing to explore the e-commerce markets in the Philippines and Vietnam. This move is part of the company's wider interest in entering the e-commerce sector across Southeast Asia.
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