Foxconn wants to diversify, may bid for 4G spectrum in Taiwan
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.