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Wireless Federation » Chunghwa Telecom plans equity investment in Zyxel (Taiwan)

 Chunghwa Telecom plans equity investment in Zyxel (Taiwan)

  • July 28th, 2008
  • 9:26 am

Chunghwa Telecom, the largest telecom services provider in Taiwan, reportedly plans to make equity investment in network-equipment maker Zyxel Communications, according to a Chinese-language Commercial Times report.

According to CHT’s plans, the carrier expects to take up a 8-10% stake in Zyxel that will enable it to have one seat on the board of the networking device maker, said the paper, adding that the deal will be worth over US$32.9 million (NT$1 billion).

   


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