Chunghwa Telecom today said it will slash Capex (capital investment) by 5.7 percent to NT$30.7 billion or $977 million in 2015.
The decrease in this year’s Capex is primarily due to the continuous focus on precision construction and investment, especially in businesses with the growth potential as well as the enhancement of utilization efficiency of existing equipment, said Chunghwa Telecom.
Chunghwa Telecom will continue promoting 4G service offerings to achieve 40 percent subscriber market share target.
“We will remain aggressive in developing fixed-line and mobile value-added services, including fiber broadband convergence services for households, digital life applications for individuals and customized ICT solutions for enterprise customers,” said Rick L Tsai, chairman and CEO of Chunghwa Telecom.
The telecom operator in Taiwan is expecting revenue to increase 2 percent to NT$231.09 billion in 2015.
Mobile Internet services, expansion of fixed-line and mobile value-added services, migration of broadband customers to higher speed services including 300Mbps service and the promotion of ICT projects for enterprise customers will drive revenue growth.
Increased revenue contribution from these growing businesses is expected to offset the projected decrease in voice service revenue attributed to VoIP substitution and market competition.
