TAIPEI (WiMAX Day). The largest phone operator in Taiwan, Chunghwa Telecom Co, said it would invest up to US$122 million in WiMAX over the next five years, if it is awarded a license for WiMAX spectrum. According to a report in Bloomberg, Chunghwa vice president Mu-Piao Shih said in an interview that “Chunghwa is betting WiMAX.” The report also said that a WiMAX service “may help Chunghwa bolster revenue from mobile gaming and video-sharing as sales decline at the fixed-line and long-distance phone businesses.” Shih added that it would integrate any WiMAX services with its 3G network, because the “two networks complement each other.”