Foxconn wants to diversify, may bid for 4G spectrum in Taiwan
If the new rumors are true, Foxconn is making a push to diversify. Foxconn doesn't just want to be the company that assembles the devices that you use every day, it also wants to control the services upon which those devices rely. Foxconn recently spent $8.7 million to invest in a fiber optic provider in Taiwan, and now it is reportedly interested in bidding for new 4G spectrum in Taiwan as well. Foxconn is based in Taiwan, although its manufacturing plants are in China.
Taiwan’s National Communications Commission announced last week that it is going to license new 4G spectrum, and plans to start the bidding at NT$35.9 billion ($1.2 billion). Major local carriers such as Chunghwa Telecom, Taiwan Mobile and Far EasTone have all jumped at the chance to license the 4G spectrum, and Foxconn wants in as well, but it may need help in doing so. In order to bid on the 4G spectrum, companies need to have NT$6 billion in capital ($200 million), so Foxconn is reportedly looking into forming a partnership with Ruentex, which has invested in a local 4G operator Global Mobile Corp.
The bid for the 4G spectrum is part of Foxconn's "eight-screen-in-one-cloud business strategy", which looks to cover everything from mobile phones to tablets to PCs, TVs and beyond.