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CHT’s Mobile Communications Revenue Increased by 2.6% YOY

By Vincent Wang
Published: Jul 30,2015

TAIPEI, Taiwan — Chunghwa Telecom Co. on July 30 reported its un-audited operating results for the second quarter of 2015. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“Taiwan-IFRSs”) on a consolidated basis. Mobile communications revenue increased by 2.6 percent to NT$28.51 billion.

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Rick L. Tsai, Chairperson and CEO of Chunghwa Telecom commented, “We are excited to report robust operational and financial results for the second quarter of 2015, with total revenues, operating income, pretax income, net income, and earnings per share all increased year-over-year and outperforming our guidance. The recent quarter saw the continued growth of mobile business, supported by the impressive 19.2 percent year-over-year growth in mobile Internet subscribers to 5.54 million.”

“As we move forward, we will continue expanding our 4G customer base, which has already accumulated more than 2.9 million subscribers in July. We expect to reach 3 million 4G subscribers in early August. This growth allows us to achieve favorable economies of scale and helps us generate strong EBITDA growth for our 4G business.” said Rick L. Tsai.

“We launched a 4G unlimited data promotional plan for NT$988 back on April 16, but we allowed the plan to expire at the end of June, demonstrating our intention to move towards a tiered pricing approach. We continue to target high-end customers for 4G migration, but have also began targeting mid-to-low end customers as well.” added Rick L. Tsai.

Therefore, the company launched a new promotional tiered data program launched on July 1st for this target group. In addition, it further promoted its mobile value-added services along with the promotional plans, which bundle Hami services such as mobile TV, audio, and video streaming.

Moreover, the company expects these initiatives to help support the 4G service growth momentum and allow them to reach our 4.2 million subscriber target by the end of this year.

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