Monday, 16 November 2009

Carrefour Telecom to increase capital – Taiwan

Carrefour’s MVNO operation in Asia is looking to increase its paid in capital from USD 1.86 million to USD 6.2 million (NT$ 60 million to NT$ 200 million). The first stage of capital-raising will happen before the close of 2009 bringing the total to NT$120 million, the remaining NT$ 80 million is to be raised in 2010.

The company is seeking finances to expand its presence across Asia; the expectation is that China and South East Asian countries will be primary targets. At this stage it is not clear whether Carrefour will seek new MVNO ventures or if they are planning a marketing campaign across the region to encourage roaming usage.