Chunghwa Telecom 3rd-Quarter Profits Down by 18%

­Taiwan's Chunghwa Telecom has reported a 1.7% decline in its 3rd-quarter revenues to NT$50.1 billion (US$1.54 billion), while net profits dropped by 17.9% to NT$10.9 billion (US4335 million). As of September 30, 2009, Chunghwa had 9.18 million mobile subscribers, slightly up quarter-over-quarter by 1.6% compared to 9.04 million as of June 30, 2009.

Chunghwa remained the leading mobile operator in Taiwan. According to statistics published by National Communications Commission (NCC), at the end of August 2009, the Company's total subscriber market share (including 2G, 3G and PHS) was 34.5%, while its revenue share was 33%.

Chunghwa had 384,000 net additions to its 3G subscriber base during the third quarter of 2009, recording a 9.4% rise quarter-over- quarter in the total number of 3G subscribers to 4.49 million as of September 30, 2009.

Dr. Shyue-Ching Lu, Chairman and Chief Executive Officer of Chunghwa Telecom said, "In 2009, and particularly in the third quarter of 2009, we have maintained or increased the subscriber figures in each of our core businesses, including the highly competitive broadband and mobile businesses, despite the challenges presented by the economic environment and market competition. As a result, we have sustained our overall market leadership position in each of our core service areas, and continue to enhance our value-added services, MOD/IPTV offering and key enterprise solutions. Moving forward, we plan to accelerate our fiber deployment and further enrich our MOD/IPTV content in order to continue our growth momentum.

Posted to the site on 30th October 2009