Chunghwa Telecom
 |
|
| Public | |
| Traded as | : CHT : 2412 |
| Industry | Telecommunications |
| Founded | June 15, 1996 |
| Headquarters | Zhongzheng District, Taipei, Taiwan |
|
Key people
|
Rick Tsai (Chairman and CEO) |
| Products | Mobile Internet Fixed Network |
| Revenue | USD 7.300 billion (March 2016) |
|
Number of employees
|
30, 000 |
| Website | Chunghwa Telecom |
Chunghwa Telecom (Chinese: 中華電信; pinyin: Zhōnghuá Diànxìn; Wade–Giles: Chung1-hua² Tien4-hsin4) (: CHT, : 2412) is the largest telecommunications company in Taiwan and the incumbent mobile, PSTN and broadband carrier there. It has its headquarters in Zhongzheng District, Taipei on the remains of the old Taipei Prison.
Chunghwa Telecom was founded as a company on June 15, 1996 as part of the Taiwan government's privatisation efforts. Prior to this, it operated as a business unit of the Directorate General of Telecommunications () for over 100 years. The company’s common shares have been listed on the under the number “2412” since October 2000, and its ADSs have been listed on the under the symbol “CHT” since July 2003. In August 2005, Chunghwa Telecom became a privatised company, as the Taiwan government’s ownership was reduced to less than 50%.
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 "telecommunications liberalisation" policy from the late 1980s, in which the telecom industry will gradually be opened to private industry operations. The liberalisation of telecommunications as well as the management and operation of 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".
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