Taiwan's telecom majors have tough calls to make

Despite the industry's stable outlook, the operating environment is changing fast for Taiwan's major telecom operators.

They have built up large war chests as a result of successful consolidation and are eager to spend. But as they eye up expansion opportunities and contemplate shareholder-friendly moves, they'll need to tread carefully. Despite the industry's stable outlook, the operating environment is changing fast, with tariff reductions taking effect this month and the next generation of wireless technology set to launch in the second half of this year, sparking a potential bidding war for licenses. While the sound financial...

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