Asia Express - Data Communications
WiMAX Development in Asia August 29 - September 4
September 02, 2011

- Taiwanese WiMAX carrier Vee Time announced on August 31, 2011 that the company will invest NT$500 million (US$17.2 million; US$1=NT$29.0) in setting up WiMAX base stations along the THSR (Taiwan High Speed Rail). Vee Time also plans to spend around NT$800 million (US$27.6 million) on purchasing 50% stake in another Taiwanese WiMAX carrier VMAX.