Since 2009, state-owned telecom China Mobile had been trying to get regulatory approval to buy 12 per cent of Taiwan’s Far EasTone operator, in what was the first agreement by a Chinese group to invest in a Taiwanese one.
The problem: In 2009, Taiwan didn’t let Chinese groups invest in its core telcos. The two had hoped that might change, but it hasn’t. So, as of Thursday, the deal is officially dead – at least until Taiwan liberalises more, says China Mobile. Continue reading »