Service Launch
Far EasTone was awarded two wireless (GSM 900 and GSM 1800) service licenses in January 1997. Far EasTone launched its service and the first fully integrated dual-band system in the world in January 1998 to provide high-quality GSM services to all Taiwanese people.
Far EasTone was the first to offer Taiwan consumers numerous value-added services such as: the Java 32K SIM Toolkit, Mobile Banking, m-commerce, real-time access to financial, entertainment and headline news, mobile fax/mail; logo download and e-coupons.
Far EasTone was the first company in the world to design and build a network based on integrated dual-band (GSM 900 and GSM 1800) technology.
In March 1999, after only fourteen months in business, Far EasTone achieved one million revenue-producing customers, reaching this milestone faster than any other GSM operator in the world.
In the year 2000, Far EasTone's revenues reached NT$32.18 billion and after-tax net income was NT$4.039 billion. The company’s total revenue for the year 2001 was NT$34,544 million and the EPS is NT$3.52. The company was listed on the Taiwan OTC Stock Exchange in December 2001 under the ticker code 4904.
In the year 2002, Far EasTone's subsidiary Yuan-Ze Telecommunications has won a 3G license in Taiwan (License A) at a price of NTD 10,169 million, or NT$ 12.86 per MHz per head of population, the lowest price to date in Asia for a 3G license on the 2 GHz band.
In March 2003, FET marched into the next generation mobile service - FET Br@vo which is the first multimedia service plans in Taiwan. The Br@vo service plans provide FET customers a comprehensive offer to enjoy the mobile multimedia life. In March 2003, made the Taiwan’s first live 3G video call, marking a significant step forward in the evolution and development of multimedia services succeeding its launch of FETBr@vo services. In the same year of July, Far EasTone Enhanced its Multimedia Portfolio with Innovative Video Clips via MyFETBr@vo.
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—Henry David Thoreau (1817–1862)