Vibo to spend over TWD2 billion in 2010

8 Dec 2009

Taiwanese 3G operator Vibo Telecom has announced that it expects its capital expenditure (CAPEX) to top TWD2 billion (USD62.9 million) in 2010, potentially reaching TWD3 billion as the company upgrades its networks, DigiTimes reports. Much of the investment will be used for the deployment of HSPA+ and 3.5G networks. With improved network infrastructure, the carrier also aims to increase its number of 3G subscribers to two million by the end of 2010 compared to 1.5 million at present, according to company president Feng-hsiung Chang. Vibo expects to break even by July 2010 and generate profits by year-end if its subscriber base continues to expand at current rates and reaches its target in the coming year. Handset purchases, including smartphones, in 2010 are expected to remain at the same level as 2009, at around 400,000 units.