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Hon Hai In Talks To Buy 22 Percent Of Asia Pacific Telecom: Report

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei cityBy Michael Gold TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd, which makes iPhones for Apple Inc, is in talks to buy 22 percent of compatriot mobile network provider Asia Pacific Telecom Co Ltd, local media reported citing unidentified sources. The deal will be worth T$11 billion to T$14 billion ($464.48 million) and represent all Asia Pacific Telecom stock held by government-owned enterprises, the Commercial Times reported on Monday. ...




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