NTT DoCoMo and SingTel seek additional stake in Taiwan’s FET (Taiwan)

Japan’s NTT DoCoMo and Singapore Telecommunications (SingTel) are planning to buy additional stake in Taiwan’s third largest mobile operator, Far EasTone Telecommunications (FET). The move will enable NTT DoCoMo and SingTel to raise their stake in FET and hence have a member appointed on the company’s board. An FET shareholder needs to own at least 7-8 per cent stake to nominate a member on the company’s board of directors. NTT DoCoMo and SingTel currently hold 4.9 per cent and 3.98 per cent stake respectively in FET.