Date: Jan 26, 2016
By: Lisa Wang / Staff reporter
Asia Pacific Telecom Co (APT, 亞太電信) chairman Lu Fang-ming (呂芳銘) entered a sale and purchase agreement with Macquarie Holdings (Singapore) Pte to buy a stake in the nation’s No. 3 cable TV system operator in his own capacity, a statement released yesterday said.
“The proposed purchase of Taiwan Broadband Communications Co [TBC, 台灣寬頻] is Lu’s personal investment and has nothing to do with APT or Hon Hai Precision Industry Co [鴻海精密],” APT said in a statement.
However, the deal still prompted speculation that it could be Hon Hai’s latest step toward the expansion of its business scope to the cable TV industry and APT might benefit from the digital convergence of telecom and cable businesses. [FULL STORY]