Taiwan market: FET sets 2010 capex at NT$8.9 billion mainly for 3G, WiMAX infrastructure Tweet

Far EasTone Telecommunications (FET) has set aside a capex budget of NT$8.9 billion (US$278 million) for 2010 mainly for continued construction of 3G and WiMAX infrastructure, company vice chairman and president Jan Erik Nilsson said on March 24.

FET's operational goal for 2010 is to become the second largest mobile telecom carrier in Taiwan in terms of revenues, company chairman Douglas Hsu emphasized. This means that FET aims to surpass Taiwan Mobile, currently the second largest mobile telecom carrier.

FET forecasts consolidated revenues of NT$62.065 billion, EBITDA (earnings before interest, tax, depreciation, amortization) of NT$22.621 billion, pre-tax profit of NT$1.162 billion and net EPS of NT$2.85 for its 2010 operation, Nilsson indicated.

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