Chunghwa Telecom said it will focus on sustainability + 5G + innovative transformation as its core strategy in 2023.
Chi-Mau Sheih, Chairman and CEO of Chunghwa Telecom, said: “We will integrate sustainable development with business operation, accelerate 5G network construction and strengthen innovative transformation to create a new growth curve.”
Chunghwa Telecom will focus on three major business groups – Consumer, Enterprise and International Business Groups – combined with three technology groups – Network Technology Group, Information Technology Group and Telecommunication Laboratories – to promote the empowerment of operations and technology.
“Given the new market competition landscape in Taiwan due to telecom industry consolidation, we remain confident to maintain our leadership in mobile service revenue and subscriber market share by offering our fastest 5G network and most extensive mobile coverage,” Chi-Mau Sheih said.
Chunghwa Telecom will accelerate the expansion of 5G enterprise private network and develop 5G smart applications alongside enterprise partners to propel mobile business revenue and drive the growth of ICT business
The strategy of Chunghwa Telecom is to leverage fixed broadband quality to enhance speed upgrade and multiple-play services, strengthening the user experience and maintaining growth dynamics in the fixed broadband business.
In terms of video services, Chunghwa Telecom will increase investment in MOD content and join together with Hami Video to meet diverse-viewing needs and increase customer numbers and ARPU, driving the overall revenue growth of video business.
Chunghwa Telecom is targeting 2.1-2.8 percent increase in revenue to NT$221.27~NT$222.79 billion in 2023.
The increase in revenue is expected to be driven by increases in mobile communications revenue, broadband access revenue, and data communications revenue, as well as revenue coming from the expansion of emerging business in the digital economy.
Chunghwa Telecom said operating expenses for 2023 are expected to increase by NT$ 6.60~NT$ 7.30 billion, or 3.9 percent~4.3 percent, to NT$176.59~NT$177.29 billion as compared to the prior year. The increase is mainly from the increasing cost of investment in talents and infrastructure that supports future business development in core and emerging businesses.
Chunghwa Telecom said its Capex will be NT$ 35.31 billion in 2023 to maintain competitiveness of 5G network and gain the opportunities of emerging businesses. Chunghwa Telecom aims at expansion of internet data center, new construction of submarine cable and FTTH for future business opportunities.