Taiwan Mobile releases 2Q09 results

31 Jul 2009

Taiwan’s second largest mobile operator by subscribers, Taiwan Mobile, has reported consolidated revenues of TWD17.35 billion (USD528.8 million) for the second quarter of 2009, a marginal decline of 1% year-on-year. In full EBITDA fell 4% to TWD7.4 billion. Net income for the three months ended 30 June 2009 was TWD3.6 billion, down from TWD3.97 billion in 2Q08, a decline partly attributed to a rise in capital expenditure, up from TWD1.44 billion in the second quarter of 2008 to TWD2.01 billion a year later. The cellco added 167,000 net new wireless subscribers in the quarter, ending June with a customer base of 6.39 million. 3G subscriptions grew from 2.75 million at the end of March to 2.79 million three months later.

The company expects revenues to stabilise in 3Q09, with continued 3G uptake and value-added services (VAS) expected to drive sales.