FarEasTone
 |
|
| Public company | |
| Traded as | 4904:TT Taiwan |
| Industry |
Telecommunications Mobile Communications |
| Founded | April 11, 1997 |
| Headquarters | Taipei City, Taiwan |
|
Key people
|
Jan Nilsson, President |
| Products | Mobile services, Data services |
| Website | http://www.fetnet.net/ |
FarEasTone Telecommunications (FarEasTone; Chinese: 遠傳電信股份有限公司; pinyin: Yuǎnchuán Diànxìn Gǔfèn Yǒuxiàn Gōngsī) is a telecommunications company based in Taiwan. It is the second largest telco in Taiwan after Chunghwa Telecom.
FarEasTone was founded in October 1996 by the Far Eastern Group, in a joint venture with AT&T. The company was awarded two wireless (GSM 900 and GSM 1800) service licenses in January 1997. The following year, FarEasTone launched its service and became the first company to introduce a fully integrated dual-band system.
FarEasTone was the first Taiwanese company to offer the Java 32K SIM Toolkit, mobile banking, mobile commerce, real-time access to financial, entertainment and headline news, mobile fax/mail, logo download and e-coupons. In March 1999, after fourteen months in business, FarEasTone achieved one million revenue-producing customers, faster than any other GSM operator.
The company was listed on the Taiwan OTC Stock Exchange in December 2001 under the ticker code 4904 and was officially listed on the in the electronic sector in August 2005. In September 2006, FarEasTone began providing 3G WCDMA services.
On December 16, 2009, FarEasTone acquired WiMAX licenses, and from December 22 began offering WiMAX transmission services. On October 30, 2013, Taiwan's LTE standard license bidding closed with FarEasTone paying NT$31.315 billion yuan for the LTE frequency bands (700 MHz A2/1800 MHz C3, C4), with a total bandwidth of 30 MHz. FarEasTone launched LTE services on June 3, 2014.
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Wikipedia