Foxconn’s 4G License in Taiwan Kicks Off Asia Expansion Plans
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Foxconn Technology Group’s purchase of mobile-phone spectrum in Taiwan is the next step in Chairman Terry Gou’s plan to move past contract manufacturing and become a global mobile content and services provider.
Ambit Microsystems Corp., a wholly owned unit of Foxconn’s Hon Hai Precision Industry Co., paid NT$9.18 billion ($312 million) for 20-megahertz of wireless bandwidth at auction, the National Communications Commission said yesterday. Winners have 120 days to pay their license fees and are then required to submit a business plan to the regulator. The successful bid marks Gou’s first foray into the telecommunications business since he founded the company 39 years ago.