Taiwan Mobile invests in Systex Corporation to Accelerate Telco+Tech International Expansion and Expand ICT Services Landscape in Greater Southeast Asia

September 13,2024

Taiwan Mobile announced on Oct. 13 the acquisition of 32,298,154 shares of Systex Corporation common stock at a price of NT$123 per share, totaling NT$3,972,672,942. Upon completion of this transaction, Taiwan Mobile will hold an 11.86% stake in Systex Corporation.

 

Taiwan Mobile's strategic investment in Systex Corporation, a key player in Taiwan's information services industry, aims to jointly explore opportunities for AI advancements and rapidly enter the era of technology. Taiwan Mobile CEO Jamie Lin remarked that Systex Corporation is one of Taiwan’s most respected IT service companies, known for its strong capabilities in independent research and development, system integration, and value-added services. Taiwan Mobile possesses strong telecommunications assets, including extensive voice and data transmission networks, along with IDC (Internet Data Center) facilities. Through the "Telco+Tech" strategy, Taiwan Mobile and Systex Corporation plan to collaboratively pursue AI upgrade opportunities across various sectors in Taiwan, focusing on areas like 5G private networks and AIoT development, thereby creating value for customers and achieving significant operational synergies. Looking ahead, both parties intend to leverage Taiwan as a springboard for expansion into international markets, particularly Southeast Asia, showcasing Taiwan's software industry on the global stage.

 

Taiwan Mobile’s Investment in Systex Corporation to Achieve Collaborative Synergies

 

Taiwan Mobile's strategic investment in Systex Corporation will generate synergies in four core areas: products, business development, research and development, and services. In terms of products, Taiwan Mobile has a solid telecommunications infrastructure, including fixed-line networks, cable television, IDC, 4G/5G mobile networks, and telecom big data. Meanwhile, Systex Corporation specializes in software development and system integration. The complementary technologies and products of both companies will enable them to deliver more comprehensive and diverse solutions to their customers. Both parties have strong foundations in technology, manufacturing, retail, healthcare, and services, which positions them well for business development. Their strategic collaboration is set to significantly broaden their market presence, enhance the depth and range of ICT services, and strengthen their competitive edge in the market. In research and development, both sides will collaborate to advance the use of cloud computing, cybersecurity, and generative AI (GenAI) technologies. This collaboration aims to expedite project development, reduce time-to-market, and boost innovation capabilities. In terms of services, AI technology will be utilized to optimize digital processes and operational management for enterprises, enabling customers to capitalize on opportunities in the AI era while improving operational efficiency and effectiveness.

 

Global ICT Market Trends Present Significant Opportunities: Telco+Tech to Create a Digital Economy Blueprint

 

According to Gartner's survey, global IT spending is expected to reach US$4.99 trillion in 2024, marking a 6.8% increase from 2023. Data from the Ministry of Economic Affairs indicates that Taiwan's ICT market revenue reached NT$577.2 billion in 2023. With the acceleration of digital transformation in enterprises and the widespread adoption of AI applications, ICT companies are expected to move towards consolidation and cross-industry operations. Taiwan Mobile's strategic investment in Systex Corporation signifies a strong partnership aimed at fostering new opportunities in AI enhancements, as well as the implementation of 5G private networks and AIoT solutions.