MORE SERVICES: Far EasTone’s president said that the telecom does not intend to shed its role as a traditional telecom, but it intends to offer more than just SIM cards
Taipei Times
Date: Mar 26, 2019
By: Lisa Wang / Staff reporter
Far EasTone Telecommunications Co Ltd (遠傳電信) aims to boost the revenue
Far EasTone Telecommunications Co president Ching Chee poses for a photograph at a news conference in Taipei yesterday. Photo: CNA
contribution of “new economy” services to 20 percent over the next three to five years to limit the impact of eroding traditional services, the telecom said yesterday.
To stem a revenue slide, Far EasTone last year set up a “transformation office” to step up overhaul efforts, as the company looks primarily to “new economy” services — businesses related to big data, artificial intelligence and the Internet of Things (IoT) — to increase revenue sources.
Leveraging those technologies, Far EasTone provides cybersecurity solutions, cloud-based solutions and IoT services for enterprise customers, as well as digital services such as online music streaming and mobile commerce for consumers, the company said.
“In Taiwan, traditional telecom service revenue began sliding in 2015. From 2016 to 2017, telecom services in Taiwan fell 3 percent,” Ching Chee (井琪), Far EasTone’s new president and acting head of the transformation office, told the media yesterday.
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