Taiwan market: CHT to boost FTTx subscribers to 1.8 million in 2009
Chunghwa Telecom (CHT), the largest telecom service operator in Taiwan, aims to boost the number of its FTTx subscribers to 1.8 million in 2009, an increase of 800,000 from 2008 during which its FTTx customers doubled to one million, according to company president Shiao-tung Chang.
By the second quarter of 2010, the number of CHT's FTTx subscribers is expected to exceed its ADSL subscribers, according to an internal estimate of CHT.
Company chairman Shyue-Ching Lu has said that CHT will review its plan to reduce its registered capital this year now that it is important to hold an adequate amount of cash on hand to tide over the current business slowdown.
However, CHT's planned distribution of stock dividends for 2008 will be on par with that for 2007, with cash dividends accounting for the majority part of total dividends, Lu said. Market watchers expects CHT cash dividends for 2008 to top NT$4 per share.
In other news, CHT plans to hire 428 more employees in 2009, in addition to its current workforce of 24,500, the company said.
source
By the second quarter of 2010, the number of CHT's FTTx subscribers is expected to exceed its ADSL subscribers, according to an internal estimate of CHT.
Company chairman Shyue-Ching Lu has said that CHT will review its plan to reduce its registered capital this year now that it is important to hold an adequate amount of cash on hand to tide over the current business slowdown.
However, CHT's planned distribution of stock dividends for 2008 will be on par with that for 2007, with cash dividends accounting for the majority part of total dividends, Lu said. Market watchers expects CHT cash dividends for 2008 to top NT$4 per share.
In other news, CHT plans to hire 428 more employees in 2009, in addition to its current workforce of 24,500, the company said.
source
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