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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Chunghwa Telecom Co., Ltd.    2412   TW0002412004

CHUNGHWA TELECOM CO., LTD.

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Chunghwa Telecom : Holds Taiwan 5G Alliance – CHT Pilot Team Inauguration Ceremony

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01/29/2018 | 04:29am EDT

TAIPEI, Taiwan, January 29, 2018 - Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ('Chunghwa' or 'the Company') today held an inauguration ceremony for its CHT Pilot Team of the Taiwan 5G Alliance.

Under the auspices of the Ministry of Economic Affairs (MOEA), the Ministry of Transportation and Communications, and the National Communication Commission, Chunghwa, the Department of Industrial Technology of MOEA, the Industrial Technology Research Institute, and the Institute for Information Industry co-founded the 'Taiwan 5G Alliance - CHT Pilot Team' to accelerate the development of the 5G industry and related services in Taiwan. Linking together more than 40 corporations and organizations from the government, academia, and research sectors, the Taiwan 5G Alliance - CHT Pilot Team aims to launch pre-commercial 5G networks in 2020 with the vision of building a world-class 5G industry chain in Taiwan that is at the forefront of global development and commercial deployment.

Mr. Yu Cheng, Chairman and CEO of Chunghwa Telecom, stated, 'Taiwan has played an important role in the global development of the information and communication industries. As a leading telecommunication service provider in Taiwan, we have committed ourselves to assisting Taiwan's public and private sectors to upgrade, transform, and combine diversified ICT capabilities while accelerating the innovative momentum of software and content in Taiwan. We will establish Taiwan as an important player in the global 5G value chain.'

During Mobile World Congress 2017, Chunghwa signed a Memorandum of Understanding with Ericsson and Nokia, the world's leading telecom vendor companies. Leveraging Chunghwa's in-house R&D capabilities, the company has built up its 5G trial field with collaboration from companies in the chips, end equipment, small cells, edge computing, services platform, information security, and content industries to foster the development of 5G services and to explore business opportunities overseas.

In 2018, the Company will continue to actively participate in the government's national initiatives, including DIGI +, The Infrastructure Plan, The Asia Silicon Valley Development Plan, smart cities, and IoT. With the company's network infrastructure and extensive experience in providing ICT services, Chunghwa will help improve industrial competitiveness in Taiwan.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan's largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers and is expanding its cloud computing services. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit the Company's website at http://www.cht.com.tw.

TAIPEI, Taiwan, January 29, 2018 - Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ('Chunghwa' or 'the Company') today held an inauguration ceremony for its CHT Pilot Team of the Taiwan 5G Alliance.

Under the auspices of the Ministry of Economic Affairs (MOEA), the Ministry of Transportation and Communications, and the National Communication Commission, Chunghwa, the Department of Industrial Technology of MOEA, the Industrial Technology Research Institute, and the Institute for Information Industry co-founded the 'Taiwan 5G Alliance - CHT Pilot Team' to accelerate the development of the 5G industry and related services in Taiwan. Linking together more than 40 corporations and organizations from the government, academia, and research sectors, the Taiwan 5G Alliance - CHT Pilot Team aims to launch pre-commercial 5G networks in 2020 with the vision of building a world-class 5G industry chain in Taiwan that is at the forefront of global development and commercial deployment.

Mr. Yu Cheng, Chairman and CEO of Chunghwa Telecom, stated, 'Taiwan has played an important role in the global development of the information and communication industries. As a leading telecommunication service provider in Taiwan, we have committed ourselves to assisting Taiwan's public and private sectors to upgrade, transform, and combine diversified ICT capabilities while accelerating the innovative momentum of software and content in Taiwan. We will establish Taiwan as an important player in the global 5G value chain.'

During Mobile World Congress 2017, Chunghwa signed a Memorandum of Understanding with Ericsson and Nokia, the world's leading telecom vendor companies. Leveraging Chunghwa's in-house R&D capabilities, the company has built up its 5G trial field with collaboration from companies in the chips, end equipment, small cells, edge computing, services platform, information security, and content industries to foster the development of 5G services and to explore business opportunities overseas.

In 2018, the Company will continue to actively participate in the government's national initiatives, including DIGI +, The Infrastructure Plan, The Asia Silicon Valley Development Plan, smart cities, and IoT. With the company's network infrastructure and extensive experience in providing ICT services, Chunghwa will help improve industrial competitiveness in Taiwan.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan's largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers and is expanding its cloud computing services. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit the Company's website at http://www.cht.com.tw.

Chunghwa Telecom Co. Ltd. published this content on 29 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 January 2018 09:29:08 UTC.

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Financials
Sales 2020 203 B 6 906 M 6 906 M
Net income 2020 31 996 M 1 087 M 1 087 M
Net cash 2020 3 658 M 124 M 124 M
P/E ratio 2020 26,7x
Yield 2020 3,72%
Capitalization 849 B 28 855 M 28 861 M
EV / Sales 2020 4,16x
EV / Sales 2021 4,08x
Nbr of Employees 21 661
Free-Float 58,7%
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Mean consensus UNDERPERFORM
Number of Analysts 15
Average target price 94,58 TWD
Last Close Price 109,50 TWD
Spread / Highest target 0,46%
Spread / Average Target -13,6%
Spread / Lowest Target -26,9%
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NameTitle
Shui-Yi Kuo President, GM & Chief Financial Officer
Chi-Mau Sheih Chairman
Shin Yi Chang Director
Cheng Jan Chen Independent Director
Lou Yu Yan Independent Director
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