Taiwan's Chunghwa Telecom reported Q1 revenue of NT$45.78 billion, up 1.7% year-over-year. Internet and data revenue rose 8.9% year-over-year to NT$12.18 ; mobile revenue increased 0.7% year-over-year to NT$18.07 billion; and net income totaled NT$11.15 billion, a year-over-year increase of 19.6%.
Some highlights:
- Chunghwa added 48,000 new HiNet subscribers over the quarter to bring the total number of Internet subscriptions to 4.35 million at the end of March 2007, an increase from 4.30 million at the end of December 2006.
- Data revenue was up 9.1% year-over-year, and can primarily be attributed to Chief Telecom, which was consolidated from 3Q 2006, an contributed NT$126 million in 1Q 2007. 1Q 2007 was the first quarter in which MOD service revenue was reported in the data revenue category of the income statement as a result of its regulation under the Telecommunications Act. Prior to 2007, MOD service revenue was reported under 'other revenue.'
- As of the end of March 2007, Chunghwa had 285,111 MOD (media on-demand IPTV) subscribers.
- As of March 31, 2007, Chunghwa had 8.56 million mobile subscribers, up 0.82% from December 31, 2006. Chunghwa added 340,000 3G subscribers during 1Q 2007, bringing the total number of 3G subscribers to 1.28 million. At the end of the quarter, 3G ARPU was 63% higher than that of 2G ARPU.
- As of the end of March 2007, the Company maintained its market leading fixed-line market position, with fixed-line subscribers totaling 13.08 million, down by 0.29% compared to 4Q 2006.
