30 Nov, 2007,
Taiwan-based telecom equipment maker Tecom has increased its equity investment in WiMAX Telecom, a licensed WiMAX operator, to a total of NT$436 million (US$13.5 million). The company now holds a 44.25% stake in the WiMAX operator, according to a company filing with the Taiwan Stock Exchange.
Additionally, Tecom's parent company, Teco Electric & Machinery also holds a 10% stake in WiMAX Telecom, making the Teco Group the majority shareholder of the WiMAX operator, according to sources at Tecom.
Tecom, in addition to starting deliveries of WiMAX base stations to WiMAX Telecom by the end of this year, will also venture into the production of WiMAX CPE (consumer premises equipment) products, said the sources.
