Taiwan-based Chunghwa Telecom reported Q1 2013 net revenue of NT$56.63 billion (US$1.92 billio), up 2.1% compared to last year. This total was comprised of 49.3% mobile, 10.6% internet, 31.9% domestic fixed, 6.7% international fixed, and the remainder was from other businesses.
Some highlights for Q1 2013:
- As of March 31st, the number of FTTx subscribers reached 2.79 million, accounting for 61.2% of total broadband users. Moreover, the number of subscribers signing up for 50Mbps and higher speed connections increased by 81.9%, reaching 964,000.
- Broadband access revenue, including ADSL and Fiber connections (FTTx), increased by 2.0% to NT$4.83 billion, demonstrating continued success in migrating subscribers to higher speed fiber services.
- Total revenue for the mobile business increased to NT$27.90 billion for the first quarter 2013, representing 9.1% growth. The increase was primarily due to growth in mobile VAS revenue and handset sales from smartphone promotions. This increase offset a decline in mobile voice revenue due to promotional packages and the National Communication Committee mandated tariff reductions.
- Chunghwa’s internet business revenue decreased by 2.7% to NT$6.02 billion in the first quarter of 2013. The decrease was primarily attributable to lower ICT project revenue which offset the increase in HiNet ISP revenue and internet VAS revenue.
- Domestic fixed revenue totaled NT$18.05 billion, representing a 5.9% decrease. Local service revenue decreased by 7.6% mainly due to mobile and VoIP substitution. Moreover, the 15.2% revenue decline in the DLD business was primarily due to tariff reduction which began in January 2012 and was reflected one month later in the February 2012 financials, resulting in a higher year over year comparison basis.
- Broadband access revenue, including ADSL and Fiber connections (FTTx), increased by 2.0% to NT$4.83 billion, demonstrating continued success in migrating subscribers to higher speed fiber services.
- International fixed revenue increased by 4.8% to NT$3.82 billion, mainly due to higher international long distance service and leased line revenue.
- Total CAPEX for the first quarter of 2013 increased by 12.6% to NT$7.53 billion. Total capex was comprised of: 54.6% domestic fixed communications, 26.3% mobile, 15.7% internet, 1.9% international fixed communications, and the remainder was for other uses.
