Chunghwa reports 2Q results

30 Aug 2007

Taiwan’s largest fixed line, mobile and broadband operator by subscribers, Chunghwa Telecom, has reported its operating results for the quarter ended 30 June 2007. Total revenues increased 9.2% year-on-year to TWD50.6 billion (USD1.5 billion), 30.9% of which came from fixed line services, 36.8% from mobile and 24% from internet and data services. Year-on-year, internet and data revenues in the quarter grew 6.7%, ADSL and fibre-to-the-building (FTTB) sales climbed 4.6%, total mobile turnover increased 2.2% and mobile VAS revenues were up by 22.7%. Total net income in April-June totalled TWD15.3 billion, an increase of 46.1% over 2Q06.

Chunghwa had 4.17 million broadband subscribers (including ADSL and FTTB users) at the end of June 2007, a 7.7% year-on-year increase, whilst fixed line subscribers continued a steady decline to 13.04 million. As of end-June Chunghwa had 8.58 million mobile subscribers, slightly up from 8.56 million at the end of Q1 and 8.42 million a year before. It gained 400,000 net new 3G users during the second quarter, to reach a total 1.68 million at the end of June; it reported that 3G ARPU in the quarter was 58% higher than 2G ARPU.

Group CAPEX reached TWD9.7 billon in the first half of 2007, of which 85% was for wireline equipment (including fixed line, internet and data), 13% was for wireless equipment, and the remainder for ‘others’. Chunghwa expects total capital expenditure to be approximately TWD30 billion for the full year.

Taiwan, Chunghwa Telecom