Taiwan Mobile posts USD159m losses on write-offs

1 Feb 2008

Taiwan Mobile has reported a net loss of TWD5.11 billion (USD159 million) in the fourth quarter of 2007, despite revenues rising 19%, due to the contribution of asset write-offs. The cellco projects a consolidated net profit of TWD3.83 billion in the first quarter of this year. Taiwan Mobile was marginally ahead of FarEasTone at the end of September 2007 with 6.228 million subscribers to make it the country’s second largest cellular provider.