Taiwanese
telecom operator Chunghwa Telecom announced on July 27, 2010 that the company's
board of directors has approved a US$6 million investment plan in setting up a new
subsidiary in China according to a press release by Chunghwa Telecom. The new
unit will be wholly-owned by Chunghwa Telecom, and is scheduled to begin
operation in the first quarter of 2011. Due to restrictions imposed on overseas
companies investing in the telecom industry by the Chinese government, Chunghwa
Telecom aims at offering ICT services at the initial phase, such as energy
conservation and 3G value-added services.
Currently,
Chunghwa Telecom has two offices in Beijing and Shanghai, and it has established
a joint venture Sertec with the municipal government of Xiamen of China through
its subsidiary Chunghwa Investment in 2009. Sertec has started operation in
early July this year, and the company focuses on providing call center services.