TAIPEI: Asia Pacific Telecom (APT), a CDMA 2000 and a 4G operator in Taiwan, suffered pre-tax losses of NT$10.207 billion (US$332 million) in 2014, according to the company here the other day.
The loss mainly stemmed from recognizing impairment of NT$10.366 billion in CDMA 2000 assets, it said. As CDMA 2000 carriers around the world have been replacing CDMA EV-DO Advanced with LTE evolved from WCDMA, APT said it has to do so by gradually giving up CDMA 2000.
It said it is still seeing losses from the 4G operations which started commercial run on December 24, 2014. After merging with Ambit Microsystems, a subsidiary of Foxconn Electronics, APT will invest NT$6 billion to expand its 4G network.
Through Ambit’s subscription for new APT shares for private placement, Foxconn has acquired a 14.99% stake in APT and thus has to recognize loss of about NT$1.53 billion from non-operating investment, according to stock market analysts.
