Chunghwa Telecom Co., Ltd. (NYSE: CHT), one of Taiwan's top telecommunications carriers, plans mutual investments with mainland counterparts once policy restrictions are relaxed.
Mainland China contributes to the majority of Chunghwa Telecom's roaming revenues as its largest oversea market, disclosed Lu Xuejin, the company's board chairman, who predicts that revenues from mobile data business will rise 20% to 30% this year, thanks to increasing Internet surfing via smart phones.
Chunghwa Telecom is not the first Taiwan telecoms company that expresses such an idea.
On April 29, China Mobile Ltd. (SEHK: 0941; NYSE: CHL) announced an investment plan of TWD 17.77 billion in Far Eastone Telecommunications Co., Ltd. in exchange for a 12% stake in the latter. Both sides hope to provide better roaming service at lower cost through the cooperation, which will enhance the customer stickiness of both the mainland and the Taiwan parties and boost their user bases.
Source: 163.com
