Chunghwa Telecom Co., Ltd. reports recurring developments as Taiwan's integrated telecommunications operator, with news focused on mobile services, fixed-line and broadband services, internet access, IPTV and OTT offerings, and enterprise ICT services. The company's operating updates commonly separate Consumer Business, Enterprise Business and International Business activity, including demand for mobile, fixed broadband, IDC, cloud, cybersecurity, AIoT and 5G-related services.
Company news also covers unaudited consolidated operating results prepared under Taiwan-IFRSs, annual Form 20-F filing announcements, data center recognition, ESG initiatives and technology themes such as AI-enabled service platforms and network evolution.
Chunghwa Telecom (CHT) reported a 2.6% increase in total revenue for Q3 2020, totaling NT$ 52.17 billion, despite an 8.5% decline in mobile communications revenue due to competition and COVID-19. Domestic fixed communications revenue rose by 20.9% to NT$ 18.85 billion, while international fixed communications revenue dropped by 25.5% to NT$ 2.14 billion. Net income grew by 3.2% to NT$ 8.35 billion, with earnings per share at NT$ 1.08. The company successfully constructed over 3,000 5G base stations and saw strong growth in ICT projects, up 84.9% year-over-year.
Chunghwa Telecom (CHT) announced the appointment of Vincent Y.S. Chen as Senior Executive Vice President and Chief Financial Officer, effective September 1, 2020. Chen, who holds a Ph.D. in Accounting, brings extensive experience from academia and research in finance. Chunghwa Telecom expects his leadership to enhance its financial and accounting performance, aiming to strengthen its position as a world-class telecommunications provider.
Chunghwa Telecom (CHT) reported a 4.6% drop in total revenues for Q2 2020, totaling NT$ 47.81 billion. Mobile communications revenue fell 7.8%, while internet revenue grew 1.0%. The company's net income remained constant at NT$ 8.57 billion, resulting in a basic EPS of NT$ 1.10. Operating income rose 3.0% to NT$ 10.61 billion with an operating margin of 22.2%. Chunghwa's 5G services launched on June 30, 2020, are projected to boost future growth.