Far EasTone claims greater mobile revenue growth than rivals in 1Q12

23 Apr 2012

In reporting its financial results for the three months ended 31 March 2012, Taiwan’s Far EasTone has claimed that it saw greater growth in both mobile service revenues and turnover from mobile data services than either of its rivals, Chunghwa Telecom and Taiwan Mobile Company. Far EasTone said that it recorded a 9.7% year-on-year increase in revenues from mobile voice services in the first three months of 2012, while mobile data turnover was up 48.1% against 1Q 2011, with consolidated revenues for the three-month period standing at TWD21.29 billion (USD715 million), a 20.5% rise from TWD17.65 billion a year earlier. The bulk of that – TWD16.84 billion – was service revenue, of which mobile services accounted for TWD14.75 billion (up from TWD13.44 billion in 1Q11), while fixed line service turnover was TWD2.89 billion, representing a 17.6% y-o-y increase. Data as a percentage of mobile service revenues in the quarter, meanwhile, was 27.4%, up from 20.3% a year earlier.

As at end-March 2012 Far EasTone’s total mobile subscriber base had risen to 6.69 million, up from 6.41 million a year earlier, and an increase of 1.1% quarter-on-quarter. Of that, total post-paid 3G subscribers numbered 4.48 million, representing 67% of the total customer base, and up from 4.02 million at March 2011, while the cellco also had 707,000 2G contract customers. The remaining 1.50 million customers were signed up to Far EasTone’s pre-paid second-generation tariffs.

Taiwan, Far EasTone (FET)