14th January 1997
First Pacific Company Limited is
pleased to announce that its affiliated company, Smart Link
Communications Inc., ("Smart Link"), was
selected as the winner of two PCS (DCS-1800) licences in Taiwan.
Smart Link won licences to serve the Central and Southern
regions of Taiwan with a combined area of almost 12 million people,
which represents more than 55 per cent of the country's population.
Smart Link
is a Taiwanese joint venture in which First Pacific has a 16.6
percent shareholding. First Pacific's share of the investment
will be approximately US$30 million.
First Pacific's Taiwanese partners in Smart
Link are the Tuntex Group, Holmsgreen Lai Lai Department Store
and China Development Corporation.
Most consortia bidding for the licences involved
international telecommunications companies partnering with Taiwanese
companies. Of the international companies, Smart Link
was the only Asian telecommunications company to be awarded a
licence.
Smart Link
plans an aggressive build-out of its networks during 1997.
Henry R. Goldstein, Executive Director of Asia
Link, First Pacific's telecommunications arm, stated "Taiwan
presents an excellent opportunity in an underdeveloped mobile
phone market. Today, only 4.5 per cent of the population has
a mobile phone and there is a waiting list of over 400,000 potential
customers. With a GDP of US$13,235 per annum (31st December 1995),
we anticipate a very successful operation in Taiwan".
For further information, please contact Asia
Link Holdings Ltd.:
| Mr. Henry R. Goldstein Executive Director Mr. Peter Lawrence | Tel : (852) 2842 4331 Tel : (852) 2842 4215 |
Company information can also be accessed on:
Internet: irasia.com/listco/hk/firstpac
E-mail: info@firstpac.com.hk
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