Chunghwa Telecom Projects Sales at NT$220B in 2015

Taipei, Oct. 19, 2010 (CENS)--Chunghwa Telecom Co., Ltd. projects sales for 2015 at NT$220 billion (US$7.09 billion at US$1:NT$31), with value-added mobile services, overseas operation, movie-on-demand, cloud computing, and information-communications service designated as major growth momentums.

The company set the goal sy a recent conference held to set the tone for the company's strategies over the next five years. Meeting participants included Chunghwa's chairman, S.J. Lu, and vice presidents of the company's branches.

Hamstrung by the global economic recession, the company saw sales sink to NT$198.3 billion (US$6.3 billion) last year from the level of well over NT$200 billion (US$6.45 billion) in 2008.

The company estimated sales for this year to rise to around NT$199 billion (US$6.41 billion), and over NT$200 billion in 2011, mostly thanks to sales growth in value-added mobile services and ICT services.

The telecom carrier has designated overseas operation, cloud computing, iEN, movie-on-demand and value-added mobile services as major growth drivers for sales over the next five years. Mainland China is set to be the company's major overseas market as soon as its mainland branch starts operation early next year.

For cloud computing service, the company will spend NT$40 billion (US$1.29 billion) over next five years beginning this year on installation of cloud computing facilities. The service is estimated to drive up the company's sales over the next 10 years.

Value-added mobile service is estimated to add over NT$10 billion (US$322 million) to the company's 2010 sales and NT$26-28 billion (US$838-903 million) to its 2015 sales.