Far EasTone seeks boost to revenue

VALUE-ADDED SERVICES:Company president Yvonne Li said that subscribers to services such as its mobile wallet and videos are expected to reach 20 million by 2020

Taipei Times
Date: Jun 24, 2017
By Lisa Wang / Staff reporter

Far EasTone Telecommunications Co Ltd (遠傳電信) aims to more than triple revenue contributions from

Douglas Hsu, chairman of Far Eastern Group, to which Far EasTone Telecommunications belongs, speaks at a shareholders’ meeting in Taipei yesterday. Photo: CNA

its value-added services to 20 percent within three years on fast-growing demand for its online payment services and mobile video subscriptions.

Value-added services accounted for 6 percent of Far EasTone’s overall revenue in the first half as it has accumulated 9.4 million customers for the services, the nation’s No. 3 telecom said.

“We hope to increase that to 20 percent in 2020,” Far EasTone president Yvonne Li (李彬) told reporters on the sidelines of its annual general meeting yesterday.

By that time, the number of subscribers to value-added services is expected to reach 20 million, Li said.    [FULL  STORY]

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