FET sets 2010 CAPEX at TWD8.9 billion

26 Mar 2010

Far EasTone Telecommunications (FET) has set aside a CAPEX budget of TWD8.9 billion (USD278 million) for 2010 mainly for continued construction of 3G and WiMAX infrastructure, according to company vice chairman and president Jan Erik Nilsson. FET’s operational goal for the year is to become the second largest mobile telecoms carrier in Taiwan in terms of revenues. This means that FET aims to surpass Taiwan Mobile, which currently takes the second spot. FET forecasts consolidated revenues of TWD62.065 billion, EBITDA of TWD22.621 billion and pre-tax profit of TWD1.162 billion in 2010.

Taiwan, Far EasTone (FET)