Regulations for Administration on Fixed Network Telecommunications Business Article 27

The performance bond rendered by an integrated network business applicant or a local network business applicant shall be returned in two stages according to the ensuing regulations:1. During the effective period of its network construction permit, as soon as twenty-five percent (25%) of the total construction as stated in the construction plan of its business plan has been completed and the same has been examined and certified by the competent authority, the operator may request for a return of fifty percent (50%) of the performance bond without interest, or request for a notice to the bank providing guarantee for a release of the guaranteed liability equivalent to fifty percents (50%) of the performance bond.2. During the effective period of its network construction permit, as soon as the total network construction has been a hundred percent (100%) completed as stated in the construction plan of its business plan and the same has been examined and certified by the competent authority, the operator may request for return of the remaining fifty percent (50%) of the performance bond without interest, or request for a notice to the bank providing guarantee for a release of the guaranteed liability equivalent to the remaining fifty percent (50%) of the performance bond.For international submarine cable leased-circuit business, long distance network business, or international network business, within the period of the construction permit, the applicant may request return of the performance bond, or request a notice to the bank providing a guarantee for release of the guaranteed liability, upon receiving the operating license pursuant to Article 23-2, Article 23-4 or Article 23-5.