Chunghwa Telecom gains on market share

03 November 2022

Chunghwa Telecom attributed an increase in mobile revenue during the third quarter of the year to growth in post-paid users and ARPU, along with an ongoing migration to 5G services.

Chairman and CEO Sheikh Chi-Mau stated the company beat all its proposed guidance measures, driven by “strong fundamentals in the face of an uncertain macroeconomy.” He added that the company is winning market share organically despite ongoing market consolidation, with its mobile subscriber base increasing 5.8% over Q3 2021 to 12.4 million.

Mobile service revenue grew 4.2% to TWD15.4 billion, with post-paid ARPU up 1.8% to TWD526. Blended ARPU, however fell from TWD422 to TWD417. Net profit was flat at TWD9.3 billion, impacted by a 4.6% increase in operating costs mainly from higher personnel expenses and depreciation costs from 5G network deployment.

Revenue increased by 5.2% to TWD53.5 billion. Capex for the first nine months of the year fell by 12.2% to TWD20.2 billion, 12.9% of total revenue compared with 15.3% in Q3 2021. Enterprise business revenue increased by 5.1% to TWD17.4 billion.