Taiwan Mobile Co. approved a US$90 million (NT$2.7 billion) investment in PACM CPT Media Limited on October 22, though the board resolution provided minimal information about the target company’s operations or business model.
The telecommunications firm will acquire 9,000 ordinary shares for approximately 30% ownership, citing strategic development needs without elaborating further. Details about PACM CPT Media Limited’s activities, location, or existing shareholders were not disclosed.
The operator cited strategic development needs without elaborating on the target’s business model or operations. Taiwan Mobile has pursued diversification beyond traditional telecom services through its T.I.M.E. strategy—spanning telecommunications, internet, media and entertainment, plus e-commerce—yet offered limited specifics about how this acquisition aligns with existing holdings.
The investment comes as Taiwan’s telecom sector faces pressure to generate growth beyond saturated mobile and broadband markets. Taiwan Mobile, the island’s second-largest operator, has previously invested in digital content platforms including SoundOn Global, a podcast service, and operates MyMusic streaming.
Details about PACM CPT Media Limited remain scarce, raising questions about the investment’s immediate value proposition. The company completed a merger with Taiwan Star Telecom in December 2023 to expand 5G coverage, suggesting continued appetite for strategic deals despite thin disclosure on this latest media play.
