Far EasTone

#1898

Rank

$7.49B

MarketCap TW

TW Taiwan

Country

Summary
Far EasTone Telecommunications Co., Ltd. engages in the provision of telecommunications and digital application services. It provides mobile services, including voice calls and data communication services; domestic phone call services, long-distance call services, international call services, softphone services, etc. The company also offers professional telecommunication integrated, cloud, information security, and ICT integration services; and financial, investment, and property insurance agency services. In addition, it is involved in the provision of international simple resale and digital value-added, cellular phone equipment and accessories selling, and enterprise information and communication integration services, etc.; and call center and electronic information services, as well as security and monitoring services via Internet. Further, the company designs, researches, installs, and maintains computer software and system. The company was incorporated in 1997 and is based in Taipei, Taiwan.

History

Far EasTone was founded in October 1996 by the Far Eastern Group, in a joint venture with AT&T. The company was awarded two wireless service licenses in January 1997. The following year, Far EasTone launched its service and became the first company to introduce a fully integrated dual-band system.:?7?Far EasTone was the first Taiwanese company to offer the Java 32K SIM Toolkit, mobile banking, mobile commerce, real-time access to financial, entertainment and headline news, mobile fax/mail, logo download and e-coupons. In March 1999, after fourteen months in business, Far EasTone achieved one million revenue-producing customers, faster than any other GSM operator.:?7?The company was listed on the Taiwan OTC Stock Exchange in December 2001 under the ticker code 4904 and was officially listed on the Taiwan Stock Exchange in the electronic sector in August 2005. In September 2006, Far EasTone began providing 3G WCDMA services.:?7–8?On December 16, 2009, Far EasTone acquired WiMAX licenses, and from December 22 began offering WiMAX transmission services. On October 30, 2013, Taiwan's LTE standard license bidding closed with Far EasTone paying NT$31.315 billion for the LTE frequency bands , with a total bandwidth of 30 MHz. Far EasTone launched LTE services on June 3, 2014.

List of presidents

Joseph O'Konek

Jan Nilsson

Yvonne Li

Chee Ching


Mission
Our mission is to be the number one telecommunications provider in Taiwan, offering customers innovative and reliable services and products, while promoting the development of the country’s digital economy.

Vision
Our vision is to be the digital lifestyle partner for our customers, offering them the best experience and services, while working with partners and industry players to bring growth and development to Taiwan.

Key Team

Ms. Vivian Lee (Sr. VP Legal & Procurement Division and Corp. Governance Officer)

Ms. Yaling Lang (Sr. Director of Pres Office, HR & Corp. Communications)

Ms. Iris Su (Chief Auditor of Internal Audit)

Ms. Charlene Lin (Sr. VP of HR Management)

Mr. Jan Nilsson (MD & Director)

Mr. Brian Chao (Sr. VP of Consumer & Home Bus. Unit? Telecom Bus., FET)

Mr. Andy Tu (Sr. VP of Channel & Care Management-FET)


Recognition and Awards
Far EasTone has been widely recognized for its services, products and corporate citizenship initiatives, having been named Asia’s Most Admired Telecom Company for seven consecutive years and Taiwan’s Telecom Company of the Year for five consecutive years.

References
Far EasTone
Leadership team

Dr. Chee Ching (Pres)

Ms. Sharon Lin (Exec. VP of Fin. & Facility Services Division and CFO)

Mr. Peter Hu (Exec. VP of Information & Digital Transformation - Technology Division, FET)

Products/ Services
Computer, Consumer Electronics, Electronics, Internet, Telecommunications
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1997
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
4904.TW
Social Media
Sat Feb 24 2024
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