[bloomberg] Taiwan’s economics minister said the island won’t open the telecommunications to Chinese investors yet, less than two weeks after China Mobile Ltd. announced the purchase of a stake in Far EasTone Telecommunications Ltd.
Beijing-based China Mobile said last month it will buy 12 percent in Taiwan’s third-largest phone company, the first investment by a mainland state-owned company in the island since a civil war ended six decades ago.
In the short-term, the China Mobile deal is unlikely to happen, because of all the political considerations,” said Robyn Hsu, who helps manage $3 billion funds at Capital Investment Trust Corp. in Taipei. “However, Chinese investment is a trend. You can’t ban it forever. It’s a matter of time.”
Taiwan Won’t Open Phone Industry to Chinese Investors
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