# Far Eastone Telecommunications

Far Eastone Telecommunications is a Corporate Investor based in Taipei, Taiwan.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Taipei, Taiwan
- **Region:** Asia
- **Address:** No. 468, Ruiguang Road, Neihu District, Taipei City 114063, Taiwan
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** fetnet.net
- **LinkedIn:** https://www.linkedin.com/company/fareastone
- **Wikidata:** Q5434486

## Regulatory record

- **Reports private funds:** No

## About

Far Eastone Telecommunications (FET) launched in 1997 after Taiwan's government liberalized mobile spectrum, with Douglas Hsu securing one of the first private carrier licenses as part of the Far Eastern Group's push beyond manufacturing. The parent group's century-old industrial base — spanning Far Eastern New Century (textiles), Asia Cement, and Far Eastern Department Stores — gave FET a built-in enterprise customer footprint that competitors Chunghwa Telecom and Taiwan Mobile had to win through market competition. FET listed on the Taiwan Stock Exchange in 2005 under ticker 4904. The firm's investment posture centers on owning and operating physical and digital infrastructure across Taiwan. Beyond its nationwide mobile and fiber networks, FET runs the TPKC Cloud Computing Center in Banqiao and the Neihu Data Center, reflecting a deliberate move into colocation and cloud services as enterprise IT demand shifts. In mobile, FET partnered with Ericsson to deploy 5G standalone core and network slicing — a multi-year capex program that aimed to capture premium industrial contracts in smart manufacturing and logistics. The firm has also taken minority positions in adjacent digital economy assets, including a disclosed investment in crypto exchange operator MaiCoin, signaling early-stage exposure to Taiwan's fintech ecosystem. FET maintains a head office in Taipei's Neihu District and a secondary engineering campus in Banqiao, where its R&D teams work on Open RAN integration. The firm participates in the Conexus Mobile Alliance, a regional roaming and enterprise-solutions consortium that gives its corporate subscribers seamless connectivity across Asia-Pacific. On the deployment timeline, FET is currently engaged in a government-tendered 5G private network program for industrial parks, actively competing with Chunghwa Telecom for smart-factory contracts. The parent group's Far Eastern Medical Foundation and Y.Z. Hsu Scientific Research and Development Memorial Foundation operate as separate philanthropic entities, focusing on medical research and STEM education grants across Taiwan. What distinguishes FET from other telecom operators is its embedded position within a diversified industrial group that controls real estate, retail, and manufacturing assets. This structure allows FET to test and deploy new connectivity products — smart-retail analytics for Far Eastern Department Stores, IoT sensors for Asia Cement plants — before commercializing them externally. No other Taiwanese carrier has an equivalent captive industrial testbed, which compresses FET's feedback loop on enterprise product development and gives its capex decisions a dual purpose: serving both the commercial market and the parent group's own efficiency goals.

## Sectors

- Telecommunications
- Digital Infrastructure
- 5G
- Cloud Computing

## Offices

- New Taipei City, Taiwan

## People

- Douglas Hsu — Chairman

## Questions

### How is Far Eastone related to the Far Eastern Group?

Far Eastone Telecommunications is a publicly listed subsidiary of the Far Eastern Group, which also controls Far Eastern New Century (21.16% shareholder in FET), Asia Cement, and Far Eastern Department Stores. The group was founded by Douglas Hsu's father, Y.Z. Hsu, in the mid-20th century, starting in textiles before expanding into cement, retail, and telecom. FET functions as the group's connectivity and digital infrastructure holding, with synergies flowing back to other group units as enterprise customers.

### How does Far Eastone source deal flow?

As a telecom operator, FET's deal flow is primarily infrastructure-driven: government spectrum auctions, vendor RFP processes, and real-estate acquisitions for network sites and data centers. Its minority venture and technology investments tend to originate through industry relationships — the Ericsson partnership surfaced 5G innovation opportunities, while the Conexus Mobile Alliance provides visibility into regional technology trends and potential partners across Asia-Pacific.

## Related profiles

- [Far Eastern Group](https://altss.com/profile/far-eastern-group)
- [Farallon Capital Europe](https://altss.com/profile/farallon-capital-europe)

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Last updated: 2026-06-03T20:00:00.000Z

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