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Far EasTone to invest additional NT$7 B. in Yuan-Ze Telecom.
Taipei, March 1, 2002 (CENS)--Far EasTone Telecommunications Co. will invest NT$7.09 billion to buy new shares to be issued by its affiliated company Yuan-Ze Telecom Co., officials at the Taiwan's third largest mobile operator said yesterday. Yuan-Ze Telecom, which recently won a license for operating the third-generation mobile communications through an auction, plans to issue nearly 900 million new shares to raise funds to pay for the license fee which was set at NT$10.169 billion. All license winners are required to decide by March 11 whether they will pay for their licenses in a lump sum or in installments. To meet that demand, Yuan-Ze, which is currently capitalized at …
