Taiwan’s top three telecom service providers have decided to cut their 2009 capex so that they can have a higher cash reserve amidst the ongoing financial crisis.

Taiwan’s top three telecom service providers have decided to cut their 2009 capex so that they can have a higher cash reserve amidst the ongoing financial crisis. Chunghwa Telecom plans to spend $882 million in 2009 on expansion, compared to its 2008 expenditure of $961 million. Taiwan Mobile Corporation has cut its 2009 outlay to $202 million from $247 million in 2008.

FarEasTone Telecom has also decided to cut its expenses but has not announced the figures yet.