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PHS operator Fitel in financial woes

Kaddy Chung, Taipei; Steve Shen, DIGITIMES Asia 0

First International Telecom (Fitel), a PHS mobile telecom service operator and a WiMAX licensee, failed recently to honor checks worth NT$86 million (US$2.7 million). Its financial woes are likely to continue to swell if the company fails to raise fresh...

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