08.17.2001
TransAsia Telecom post positive 1H results

• Development: TransAsia Telecom (97%-owned by TCC) announced 1H01 results. Revenue reached NT$4.1bn, achieving 52% of company’s FY01 target. Pretax earnings posted NT$910m, 56% to company’s target for FY01, with EPS of NT$2.60.

• Analysis: TransAsia continued to hold the highest ARPU (NT$930) among Taiwan cellular carriers for 1H01. Company revised its subscriber number target from 750k to 950k this year due to the stronger than expected growth in client numbers.

• Primasia View: TCC is strategizing resource sharing and value-added services for its combined network. We believe TransAsia will provide substantial gains to TCC.