Chunghwa Telecom Q4 profit slides

Taiwanese telco Chunghwa Telecom posted a slight decline in profit for the fourth quarter of 2007. Like other telcos in the world, the carrier is in the midst of a fiber broadband upgrade, and Internet and data services revenue were up for the quarter. Like other former monopoly telcos, Chunghwa Telecom continues to face criticism for how fair it has been to competitors and how quickly it has brought its own customers into the broadband age.

The telco, along with Verizon Communication and several other telcos, including recent additions AT&T and NTT, is part of the Trans-Pacific Express consortium building an undersea cable from the U.S. to Asia.

For more:
- read this story at VNUnet.com

Related articles:
- AT&T and NTT this week joined Chunghwa Telecom on the TPE team