Chunghwa Q3 results

30 Oct 2008

Chunghwa Telecom, a provider of fixed line, mobile and internet and data services to residential and business customers in Taiwan, reported its net income totaled TWD13.3 billion (USD400 million) in the third quarter of 2008, an increase of 0.8% year-on-year. Total revenue decreased by 1.5% to TWD50.9 billion in the three months to 30 September compared to the same period last year. Internet and data revenue grew 0.4%, (internet revenue was 0.3% lower while data revenue increased by 2.5% year-on-year). Mobile revenue declined 3.4%, mainly due to price cuts imposed by the NCC and promotional packages provided by Chunghwa, while mobile VAS revenue increased by 18.3%. Fixed line revenue decreased by 5.1% compared to the same period in 2007.

HiNet subscribers reached 4.1 million at the end of September 2008, 912,000 of which were HiNet FTTB subscribers. Overall, Chunghwa had 4.32 million broadband subscribers (including ADSL and FTTB subscribers) at the end of the third quarter, a 2.4% increase compared to the same period of last year. At the end of September, Chunghwa had 8.87 million mobile subscribers, with net additions of 91,000 during the third quarter 2008. Chunghwa had 350,000 net additions to its 3G subscriber base during the quarter, bringing total 3G subscribers to 3.24 million, up 62.6% year-on-year. As of the end of September 2008, the company maintained its leading fixed line market position, with 12.8 million fixed line subscribers.

Chunghwa’s total revenue for the first nine months of 2008 increased by 3.0% year-on-year to TWD151.9 billion, of which 28.4% was from fixed line services, 35.9% was from mobile services, 24.5% was from internet and data services; the remaining 11.2% was from other revenues, including handset sales from SENAO and Chunghwa.

Taiwan, Chunghwa Telecom