Chunghwa Telecom (CHT) Q2 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom Conference Call for the company's Second Quarter 2022 Operating Results. During the presentation the lines will be on listen-only mode. [Operator Instructions]. For your information, this conference call is now being broadcasted live over the internet. Webcast replay will be available within an hour after the conference is finished. Please visit CHT IR website, www.cht.com.tw/ir under the IR calendar section. Now, I'd like to turn it over to Ms. Angela Tsai, the Director of Investor Relations. Ms. Tsai, please go ahead.

Cho-Fen Tsai

Thank you. This is Angela Tsai, Director of Investor Relations for Chunghwa Telecom. Welcome to our second quarter 2022 results conference call. Joining me on the call today are Harrison Kuo, our President and Vincent Chen, our Chief Financial Officer. During today's call, management will begin by providing an overview of our business in the second quarter, followed by a discussion on segment report -- segment performance and financial highlights. After, we will move on to the question and answer portion of the call. On Slide 2, please note our Safe Harbor statement. Now, I will turn the call over to President Kuo. Please go ahead President Kuo.

Shui-Yi Kuo

Thank you, Angela and hello everyone. Welcome to our second quarter results conference call. I will now provide an update on our robust performance in the second quarter. Let's begin on Slide 4 for an overview of our mobile business. In the second quarter, Taiwan mobile market concluded its momentum as the three major operators focused on 5G migration, which benefits mobile service revenue growth. Market consolidation will be fulfilled in the near future, and we remain positive to the result as it will help the market maintain steady and profitable. Under this landscape, we were pleased to report our market shares in both revenues and the subscriber number continued to increase year-over-year, reaching 39% and 36.2%, respectively.

We are confident that we will continue our market leadership going forward. Our market leading position is backed by our 5G network deployment that have advanced and stayed ahead of our peers. The renowned international institute Speedtest awarded us the Fastest 5G Operator in Taiwan for the first and second quarter of 2022, recognizing our leadership of 5G coverage and quality. [Indiscernible] five years in a row to affirm our comprehensive and mobile network as number one in Taiwan.