Chunghwa Telecom reported a fourth-quarter net loss of TWD2.63 billion; revenues for the quarter declined 3.1% on year to TWD46.2 billion. For the full year ended 31 December 2005 the former incumbent reported a 0.3% decline in revenues to TWD184.7 billion, while net income fell 34.6% to TWD33.3 billion. On a segmental basis, Internet and data service revenues for 2005 increased 7.2% and mobile income climbed 3.9%. Fixed line sales however fell 8% to TWD66.3 billion, mainly due to mobile substitution and a continuous migration of dial-up subscribers to ADSL broadband services. The company noted that the US GAAP net income figures were affected by the employee stock subscription that was granted as a part of the Company’s privatization in August 2005.