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Chunghwa Telecom's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: CHT

As for our IPTV services, this has proved to be competitive and has performed quite well this year, with subscribers already totaling 980,000. We expect the growth momentum to continue as customers have reacted positively to the enriched Family Package.

On the content front, we expect to have 43 HD channels by year-end, making our platform a topnotch one in the Taiwan market. In addition, in response to customer demand for ubiquitous services, we plan to launch our new IPTV platform in December of this year. Via the new platform, customers will be able to enjoy our high quality programs on TVs, computers, tablets, as well as handsets by taking advantage of our cloud computing technology.

Slide 7 focuses on our mobile business. We have been maintaining the highest number of subscribers and the lowest churn rate in the market. Although our churn rate increased in the third quarter due to market competition, we managed to lower it by providing limited “Free on-net call” and “My hot line” packages. We are carefully monitoring the competitive landscape and will retain the flexibility to implement appropriate measures to maintain our leadership.

On Slide 8, due to the continued popularity of smartphones, mobile internet and mobile data usage continue to increase. At the end of September, there were 1.32 million mobile internet subscribers, compared to 809,000 as of December 2010, evidencing strong growth momentum. We expect to accumulate 1.47 million mobile internet subscribers by year-end.

The construction and capacity expansion of base stations are on track. We already have over 2,000 base stations with speeds of 21 Mbps. We believe we continue to maintain the best quality of our mobile service in Taiwan based on our survey of the quality of major networks.

In addition, we are continuing to install Wi-Fi APs to offload traffic on mobile networks, and we expect to accumulate 20,000 public Wi-Fi APs by the end of 2011.

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