Taiwan’s Chunghwa Telecom announced its 5G progress, Capex, revenue and Opex for the third quarter of 2022.
Chunghwa Telecom said its Capex decreased 12.2 percent to NT$ 20.22 billion for the first nine months of 2022. Chunghwa Telecom’s Capex for mobile business dropped 19.2 percent to NT$9.57 billion, while Capex for non-mobile business fell 4.8 percent to NT$ 10.65 billion.
Chunghwa Telecom said its Q3 revenue increased 5.2 percent to NT$ 53.51 billion as its Consumer Business revenue rose 3.8 percent to NT$ 32.83 billion, Enterprise Business revenue grew 5.1 percent to NT$ 17.39 billion. And International Business revenue increased 22.6 percent to NT$ 1.8 billion.
Chunghwa Telecom’s operating costs and expenses increased 4.7 percent to NT$ 41.3 billion. Operating income of Chunghwa Telecom increased 6.7 percent to NT$ 12.21 billion. EBITDA of Chunghwa Telecom increased 5 percent to NT$ 22.13 billion.
Operating costs and expenses increased by 4.7 percent to NT$ 41.30 billion, due to higher manpower expenses and depreciation expenses from 5G network deployment.
“Chunghwa is benefitting from the acceleration of Taiwan’s mobile market development and adoption of 5G,” Chi-Mau Sheih, Chairman and Chief Executive Officer of Chunghwa Telecom, said.
Chunghwa Telecom’s consumer business achieved its third consecutive quarter of growth, mainly driven by wins of postpaid subscribers and 5G migration, as well as the benefits of the launch of iPhone 14 and 2.7 million video service subscribers.
Chunghwa Telecom is betting on the upcoming FIFA World Cup, which is expected to drive strong MOD and Hami Video subscription in the second half of this year as it obtained the exclusive broadcasting rights.
Chunghwa Telecom’s enterprise business group achieved growth for the third quarter due to the strong double-digit increase in ICT business, including 5G private network, big data, cyber security, cloud service, and IDC.
Chunghwa Telecom had 12.42 million mobile subscribers, representing a 5.8 percent increase. Mobile service revenue increased 4.2 percent to NT$ 15.37 billion, while mobile post-paid ARPU excluding IoT SIMs grew 1.8 percent year over year to NT$ 526.
The number of broadband subscribers increased 0.5 percent to 4.38 million. The number of HiNet broadband subscribers increased 1.1 percent to 3.66 million. Fixed broadband revenue grew 3.3 percent to NT$ 10.75 billion, while ARPU increased 2.4 percent to NT$ 767. The number of fixed-line subscribers was 9.47 million.