Chunghwa Telecom
Categories
#681
Rank
$30.81B
Marketcap
Taiwan
Country
Mr. Shui-Yi Kuo (Pres & Director)
Dr. Yu-Shen Chen (Sr. EVP of Fin. & CFO)
Technology
Media and Communications
Summary
Chunghwa Telecom Co., Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.
The company offers local and domestic long-distance telephone, broadband access, and related services; information and communication technology and VAS services; and interconnection with its fixed-line network to other mobile and fixed-line operators. It also provides mobile; HiNet Internet, data communication, and cloud; Internet data centre; and international long-distance telephone and data services. In addition, the company distributes and sells mobile handsets, data cards, electronic materials, and computing and business machinery equipment and software; designs, develops, manufactures, sells, and services semiconductor testing components, printed circuit boards, and electronic components and finished products, and automatic license plate recognition software and hardware products.
Further, it offers real estate development and property management; system, network, and communications integration; intelligent buildings and energy network; digital information supply and advertisement; property and liability insurance agency; family education; computing equipment installation; management consultancy; data processing; telecommunication engineering; Internet identify; and information and communication solution services. Additionally, the company provides software design services, Internet content production and play services; motion picture production and distribution; energy-saving solutions and international circuits, and services for electronic parts and machinery-processed products. The company was incorporated in 1996 and is headquartered in Taipei City, Taiwan.
History
Chunghwa Telecom was founded as a company on June 15, 1996, as part of the Taiwanese government's privatization efforts. Prior to this, it was operated as a business unit of the Directorate General of Telecommunications for over 100 years.
The Directorate General of Telecommunications once exercised a monopoly on the telecommunications market in Taiwan. To make the telecommunications industry more competitive and improve service quality, the Ministry of Transportation and Communications began to promote a "telecommunications liberalization" policy in the late 1980s, in which the telecom industry would gradually be opened to private industry operations. The liberalization of telecommunications, as well as the management and operation of the telecommunications business as mentioned in the plan, aimed to achieve "separation between government and enterprises".
On July 1, 1996, the "Chunghwa Telecom Ordinance" was enacted under an amendment of the "Telecommunications Act", which formally established Chunghwa Telecom Co. Ltd. with a capital of NT$96.477 billion yuan, operating first-class and second-class telecom services, under the "Taiwan Northern Telecom Branch", "Central Taiwan telecommunications branch", "Southern Taiwan telecommunications branch"," long-distance and mobile communications branch", "International Telecommunication Branch", "Data Communications Branch", "Telecommunications Research Institute" and "Telecommunications Training Institute". In 1997, Chunghwa Telecom was awarded the license to operate a second-generation mobile communications network.
The company's common shares have been listed on the Taiwan Stock Exchange under the number "2412" since October 2000, and its ADSs have been listed on the New York Stock Exchange under the symbol "CHT" since July 2003. In August 2005, Chunghwa Telecom became a privatized company, as the Taiwan government's ownership was reduced to less than 50%.
In 2007, Chunghwa Telecom acquired Senao International, and Senao becomes the exclusive sales agent of Chunghwa Telecom mobile phones. On May 1, the same year, Chunghwa Telecom set up a division for enterprise customers, incorporated in the Southern Taiwan telecommunications branch.
On October 30, 2013, Chunghwa Telecom acquired in an auction for NT$39.075 billion a spectrum of LTE bands, with a bandwidth limit of 2x35MHz, as well as C5-band. On May 29, 2014, Chunghwa Telecom held a press conference to announce the start of 4G LTE services on May 30, 2014, and this made Chunghwa Telecom the first telco in Taiwan to provide LTE services.
Chunghwa Telecom launched Taiwan's first 5G NR network on June 30, 2020, and has also announced the arrival of a Cloud Gaming service as part of its 5G package. The service has been developed in cooperation with Gamestream and Intel.
Mission
“CHT Global’s mission is to embody that same type of professionalism and bring it to the global stage – making the ‘global’ agenda the CHT Global agenda.”
Vision
“We are committed to clear, consistent communication with our shareholders and to maintaining the highest levels for financial transparency.”
Key Team
Dr. Wei-Kuo Hong (Sr. EVP of Admin. & Investment and Pres of Telecommunication Training Institute)
Ms. Shu-Ling Chen (Accounting Officer)
Dr. Rong-Shy Lin (Sr. Exec. VP of Technology & Pres of Telecommunication Laboratories)
Cho-Fen Tsai (Sr. Director of Investor & Media Relations)
Ms. Ya-Chien Hsueh (Assistant VP of Legal Affairs Department & Corp. Governance Officer)
Feng Yu Hong (Deputy Gen. Mang.)
Ms. Li-Show Wu (Pres of the Enterprise Bus. Group, Sr. EVP & Chief Information Security Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Chunghwa_Telecom
https://www.crunchbase.com/organization/chung-hwa-telecom
https://sec.report/CIK/0001132924
https://finance.yahoo.com/quote/CHT/
https://www.comparably.com/companies/chunghwa-telecom-c
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.bloomberg.com/profile/company/CHT:US
https://www.forbes.com/companies/chunghwa-telecom/
https://www.britannica.com/topic/Chunghwa-Telecom
https://www.globaldata.com/company-profile/chunghwa-telecom-co-ltd/locations/
Mr. Shui-Yi Kuo (Pres & Director)
Dr. Yu-Shen Chen (Sr. EVP of Fin. & CFO)
Technology
Media and Communications