Chunghwa Telecom Reports 2021 Guidance News provided by Share this article Share this article TAIPEI, Jan. 26, 2021 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412,NYSE: CHT) ("Chunghwa" or "the Company") today reported its guidance for 2021 on a consolidated basis. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs"). Mr. Chi-Mau Sheih, Chairman and CEO of Chunghwa Telecom, stated: "As we turn to 2021, we remain focused on 5G development and business transformation initiatives in an effort to improve people's lives, better manage across industries, and enhance manufacturing efficiency.' The Company will combine these initiatives with mergers and acquisitions to enhance its competitive advantages, aiming to secure new growth opportunities in the evolving macro-economy and post-pandemic period, and from Taiwan government's Forward-looking Infrastructure Development initiatives. With a primary goal of maximizing profits, we will continue to selectively choose high-quality project bids and generate excellent business operating results. In addition, we will accelerate 5G network construction, take advantage of our position as the largest bandwidth and highest frequency band provider in Taiwan, and actively deploy 5G enterprise private networks and develop applications with business partners. Not only do we ensure that we provide the best quality 5G and fastest internet speed, but we will also increase mobile business revenue and drive the growth of 5G and ICT business. Strategies of broadband higher speed migration and offering seamless always broadband connected environment via connections to fixed broadband, mobile and Wi-Fi are expected to increase average user contribution and further increase our revenue. The free-to-choose channel package plan combined with popular sporting events, such as the expected upcoming Tokyo Olympic Games, will increase the number of subscribers for our MOD business and drive advertising revenue. In the future, we will invest in core business, develop new services and products and fully support the government's epidemic prevention initiatives, as we remain committed to creating sustainable value for Chunghwa's shareholders, customers, employees, and society as a whole."