Chunghwa Telecom reported third-quarter revenue of NT$57.92 billion ($1.87 billion), exceeding the top end of its guidance as Taiwan’s largest telecommunications provider benefits from enterprise technology services and artificial intelligence-related projects in the United States.
Net income attributable to shareholders rose 4.8% to NT$9.44 billion ($305 million), while earnings per share reached NT$1.22. The company’s U.S. subsidiary posted 70% revenue growth, driven by AI supply chain projects, though management provided limited details on client concentration risks or project sustainability.
Enterprise information technology revenue climbed 14.5%, powered by data center, cloud and cybersecurity services. However, the consumer segment showed more modest gains. Fixed broadband average revenue per user increased NT$23 ($0.74) as the company pushed customers toward higher-speed tiers, a strategy that may face resistance if economic conditions deteriorate.
Chunghwa established InventAI as a subsidiary in October to commercialize AI research, following the public listing of its cybersecurity unit CHT Security. International Integrated Systems is preparing for its own initial public offering. The spin-off strategy aims to unlock value, though execution risks remain as these entities operate independently.
The company issued NT$3.5 billion ($113 million) in sustainability bonds during the quarter for biodiversity and electric vehicle initiatives. While 5G market share reached 38.8%, industry consolidation has reduced Taiwan’s mobile operators to three players, potentially limiting future subscriber growth opportunities.
