Chunghwa Telecom profit down 6.7 percent

Taiwan's national incumbent telco Chunghwa Telecom reported a 6.7 percent net income decline for the full year of 2008 to about (U.S.) $1.3 billion. However, the telco's revenue for the year increased by 2.2 percent to $5.98 billion.

The company has been working on next-generation network and IP Multimedia Subsystem deployments, which fueled a rise in its capex over the last year. Network investments are expected to remain around the same level annually--roughly $880 million to $940 million (says my currency converter)--over the next two to three years. Chunghwa Telecom has been among the most aggressive investors in IMS and cross-platform convergence in recent years.

Chunghwa Telecom also said its broadband subscriber base increased about 1.4 percent to 4.3 million, while IPTV subscribers jumped 71 percent to 676,000.

For more:
- TeleGeography has this post

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