Taiwan Mobile Co (台灣大哥大), the nation’s second-largest telecom operator, plans to venture into the entertainment industry, moving toward a digital convergence model that would combine communications, cable TV and entertainment, the Chinese-language Economic Daily News quoted company president Harvey Chang (張孝威) as saying on Monday.
Chang made the remarks in an interview with the Chinese Television System (CTS) that aired on Sunday night.
Chang said Taiwan Mobile would focus on producing quality entertainment programs and could eventually branch out into other sectors.
In the same interview, Chang said ADSL fees would drop if Chunghwa Telecom Co (中華電信), which has a near network monopoly, offered users the freedom to choose among service providers.
Chang said monthly fees for an ADSL connection were about NT$700 (US$21.09) and would drop at least NT$100 as a result of greater competition, Chang said.
Chunghwa Telecom, which controls 80 percent of the local ADSL market, charges around NT$700 a month for its ADSL service, whereas some other cable TV operators charge about NT$500 a month, Chang said.
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Taiwan would remain in the same international network for carrying out cross-border payments and would not be marginalized on the world stage, despite jostling among international powers, central bank Governor Yang Chin-long (楊金龍) said yesterday. Yang made the remarks during a speech at an annual event organized by Financial Information Service Co (財金資訊), which oversees Taiwan’s banking, payment and settlement systems. “The US dollar will remain the world’s major cross-border payment tool, given its high liquidity, legality and safe-haven status,” Yang said. Russia is pushing for a new cross-border payment system and highlighted the issue during a BRICS summit in October. The existing system
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