Taiwan Mobile Earns NT$124.7 Million From Chunghwa Tel Share Sale

TAIPEI -(Dow Jones)- Taiwan Mobile, Friday reported a disposal gain of NT$124.7 million from the sale of 9.99 million Chunghwa Telecom shares.

Taiwan Mobile, the island's third-largest mobile phone service provider by revenue, sold the shares Thursday and Friday for a total of NT$587.9 million, or an average price of NT$58.87 each, it said in a filing to the Taiwan Stock Exchange.

Taiwan Mobile still has 174.3 million Chunghwa Telecom shares, or a 1.81% stake, the company said in the statement.

Chunghwa Telecom is Taiwan's largest integrated phone company by revenue.

-By Alex Pevzner, Dow Jones Newswires; 8862-2502-2557; alex.pevzner@dowjones.com

-Edited by David Riordan

(END) Dow Jones Newswires "

Posted to the site on 3rd March 2006