APT raising capital for 5G efforts - News Summed Up

APT raising capital for 5G efforts


By Lisa Wang / Staff reporterAsia Pacific Telecom Co (APT, 亞太電信) yesterday said that it was gearing up for the 5G spectrum auction in December and is seeking capital to fund its 5G network deployment. The shareholder was concerned that since APT was still making losses and paying hefty depreciation and amortization costs, the 5G investment would add another financial burden. APT “will definitely bid” for 5G bandwidth during the first round, Lu said. APT is arranging another syndicated loan and preparing for the issuance of new shares to finance its 5G deployment, Lu said, declining to specify how much it would need. APT has gone one step further in its 5G efforts by completing a data fiber-optical deployment nationwide to deliver data on fixed and wireless networks, he said.


Source: Taipei Times June 19, 2019 16:05 UTC



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