Chunghwa Telecom has acquired a 9.3 per cent stake in Taiwan-based Senao International, a manufacturer and seller of telecommunications products, through a private placement. With this transaction, Chunghwa’s stake in Senao has increased from 31.5 per cent to 40.8 per cent, making it the largest shareholder in the company. The move will allow Chunghwa Telecom to use Senao’s retail network to promote its business in the Chinese market. This will also enable it to enter the market sooner than it would have been able to had it continued to wait for the Taiwanese government to allow Taiwan-based telecom carriers to invest in China.
