Taiwanese telecom company Chunghwa Telecom will reportedly invest T$130 billion over the next five years to upgrade its fixed line and mobile networks.

Taiwanese telecom company Chunghwa Telecom will reportedly invest T$130 billion over the next five years to upgrade its fixed line and mobile networks. While around T$60 billion will be spent on building an advanced fibre optic network that will allow the company to offer faster transmission speeds for higher-margin services such as video and data, the balance will be invested in related equipment and upgrading of Chunghwa’s mobile network.

The company is aiming to increase revenues from services other than voice. Meanwhile, the company was badly affected by the earthquake that hit the southern coast of Taiwan. The cost of repairs and loss in revenue is estimated at T$50 million and T$100 million respectively.