Essar reaches temporary settlement with KDN

Taiwanese WiMAX service provider Vee Telecom (TIME) says it will buy 100% of fellow operator VMAX Telecom for TWD1.45 billion (USD49.1 million), marking the first concrete steps towards much needed consolidation in the country’s crowded WiMAX market. The Taipei Times notes that the takeover will allow Vee Telecom to provide nationwide coverage – another first for the country. [More]

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