Strong first quarter at Chunghwa Telecom; NCC accepts ADSL price cut plan

1 May 2007

Chunghwa Telecom (CHT) has reported that first quarter revenue increased year-on-year by 1.7% to TWD45.78 billion (USD1.38 billion) in the three months to 31 March, of which 32.3% was from fixed line services, 39.5% mobile, 26.6% internet and data and the remainder attributed to other revenues. Sales were given a boost by strong performance from the internet and data services unit in particular, which grew 8.9% to TWD12.18 billion on the back of strong subscriber growth and broadband speed upgrades.

Meanwhile, in a separate but related story, regulatory body the NCC has approved CHT’s proposed price cut of 5.4% in circuit leased charges for ADSL access. The NCC asked CHT to cut its prices by a minimum of 5.35% and has twice turned down the telco’s proposals. An estimated 3.72 million subscribers of CHT’s ADSL services will benefit from the price reduction, according to the NCC.

Taiwan, Chunghwa Telecom