PART I Wireless service licenses are granted to both regional and national service providers through review and  bidding procedures.  Wireless services licenses for mobile and paging services are valid for 15 years, and licenses for mobile  data, digital low-power cordless telephone and trunked radio are valid for ten years. The minimum paid-in capital  requirement for regional mobile service providers and national mobile service providers is NT$2 billion and  NT$6 billion, respectively.  We are licensed to provide mobile and paging services in Taiwan.  Third Generation Mobile Services . The Ministry of Transportation and Communications promulgated  the Third Generation Mobile Telecommunications Services Regulations on October 15, 2001. The National  Communications Commission amended the above regulations on July 5, 2007, designating itself as the authority  in charge of the third generation, or 3G, mobile services regulations and further amended such regulations  on December 30, 2008 for the establishment of base stations. The regulations govern voice and non-voice  telecommunications services provided using the spectrum assigned by the Ministry of Transportation and  Communications, and now governed by the National Communications Commission, that utilizes the IMT-2000  technical standards as announced by the International Telecommunications Union. Licenses for 3G mobile  services were granted by the Ministry of Transportation and Communications and are now granted by the  National Communications Commission. We have received our 3G mobile services license, which is valid from  May 26, 2005 to December 31, 2018.  Under the  Third Generation Mobile Telecommunications Services Regulations , a company holding a 3G  mobile license and having 200 or more shareholders is required to become a public company, which is subject  to the stringent disclosure requirements under the securities regulations of the R.O.C. A company holding a  3G mobile license is also required to submit a report to the National Communications Commission within 20  days after its shareholders approves the capital reduction of such company, the entering into, modification or  termination of any contracts regarding leasing of all business, outsourcing of operations or joint operations, the  transfer of the whole or substantial part of business or assets of such company, taking over of the whole of the  business or assets of any other company which would have significant impact on such company’s operations.  The National Communications Commission revised the  Third Generation Mobile Telecommunications Services  Regulations  on January 20, 2010 to add additional regulations regarding audio-visual content and provision,  including requiring service providers who set up a platform for audio-visual content providers to sell content,  duly notify customers the costs and charges of using these audio-visual content and limit access of inappropriate  content to minors. The National Communications Commission further amended the Third Generation Mobile  Telecommunications Service Regulations on December 28, 2010 to remove the clauses in relation to base station  which have been regulated by the new enacted Regulations Governing Base Stations for Wireless Services.  Satellite Services . Under the Telecommunications Act, the Satellite Regulations promulgated by the  Ministry of Transportation and Communications govern the issuance of satellite services licenses and the  business scope of satellite service providers. The National Communications Commission amended the above  regulations on July 20, 2007, designating itself as the authority in charge of the Satellite Regulation. Satellite  services licenses are subdivided into fixed satellite services licenses and mobile satellite services licenses.  • trunked radio services.  •  digital low-power cordless telephone services; and  • mobile data services;  •  paging services;  53