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Taiwan to Loosen Reigns on Foreign Telecoms

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TAIPEI, Taiwan, Nov. 17 -- Because of its desire to become part of the World Trade Organization, Taiwan has agreed to allow foreign investors to own 59.9 percent in firms offering fixed-line telephone or other common carrier services. This means that foreign investors will now be able to indirectly own up to 100 percent of a telecommunications firm in Taiwan, said Chien Jen-ter, head of the Directorate General of Telecommunications under the Ministry of Transportation and Communications. Taiwan's cabinet will have a plan in place by the end of this year to lift the ceiling on direct foreign...Read full article

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    Published: November 2000
    CommunicationsNews & Features

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