Chunghwa to acquire 30% of So-net Entertainment

19 Mar 2009

Chunghwa Telecom has announced an operational alliance with So-net Entertainment Taiwan, a subsidiary of Japanese group Sony. Under the deal Chunghwa will acquire a 30% stake in So-net Entertainment Taiwan for around USD1.75 million. So-net is Taiwan’s fourth largest internet service provider with 160,000 ADSL subscribers and 10,000 FTTx subscribers at the end of 2008. Chunghwa is Taiwan’s leading broadband operator with over 3.2 million ADSL subscribers and 1.1 million FTTx customers as of January 2009. So-net Entertainment’s knowledge of video distribution will aid Chunghwa in achieving its goal of adding 550,000 new FTTx subscribers in 2009.

Taiwan, Chunghwa Telecom