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PR Newswire

Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Fourth Quarter and Full Year of 2020

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TAIPEI, Feb. 4, 2021 — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its un-audited operating results for the fourth quarter and full year of 2020. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs") on a consolidated basis.

(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)

Fourth Quarter 2020 Financial Highlights

  • Total revenue increased by 7.7% to NT$59.48 billion.
  • Domestic fixed communications revenue increased by 10.2% to NT$20.24 billion.
  • Mobile communications revenue increased by 2.0% to NT$24.96 billion.
  • Internet revenue increased by 18.3% to NT$9.72 billion.
  • International fixed communications revenue decreased by 18.5% to NT$ 2.14 billion.
  • Total operating costs and expenses increased by 11.3% to NT$50.30 billion.
  • Net income attributable to stockholders of the parent increased by 5.8% to NT$8.23
    billion.
  • Basic earnings per share (EPS) was NT$1.06.

Full Year 2020 Financial Highlights

  • Total revenue remained flat at NT$207.61 billion  
  • Domestic fixed communications revenue increased by 5.9% to NT$ 69.47 billion
  • Mobile communications revenue decreased by 5.5 % to NT$ 90.23 billion
  • Internet revenue increased by 5.5% to NT$ 32.12 billion
  • International fixed communications revenue decreased by 22.8 % to NT$ 8.70 billion
  • Total operating costs and expenses remained flat at NT$ 166.85 billion
  • Net income attributable to stockholders of the parent increased by 1.9 % to NT$
    33.42 billion.
  • Basic earnings per share (EPS) was NT$4.31

Mr. Chi-Mau Sheih, Chairman and CEO of Chunghwa Telecom, stated, "We are excited to end 2020 with strong operational and financial results. As we maintain our leading position in the mobile sector, we are pleased to report the number of 5G sign-ups had exceeded our annual target more quickly than anticipated. The launch of the iPhone 12 is also expected to bring 5G subscribers to adopt higher price plans. We remain dedicated to providing our clients with excellent connection and experiences by accelerating our buildout of 5G and develop 5G enterprise private network and other smart applications. We aim to build and accumulate more than 10,000 base stations by the end of 2021." 

"During the height of the pandemic, consumers and businesses had an increased need for top performance and advanced capabilities as network connectivity proved essential for work and entertainment. Thus, we saw the number of subscribers that signed up for higher connection speeds increase by double digits. Similarly, we expect the Tokyo Olympic Games and free-to-choose MOD package bundling to further enhance overall MOD revenue based on our current leading position. In addition, Chunghwa was the first operator in Taiwan to receive qualification as both an Azure Expert Managed Service Provider and AWS Managed Service Provider, marking a milestone for our ICT business. As our ICT revenue increased year-over-year, we will continue to enhance our ICT technologies and provide excellent service to our clients."

"Turning to 2021, we will continue to invest in our core business and enhance our capabilities through acquisitions, develop market-leading offerings to support our customers, and create sustainable value to our shareholders," Mr. Sheih concluded.

Revenue

Chunghwa Telecom’s total revenues for the fourth quarter of 2020 increased by 7.7% to NT$59.48 billion.

Domestic fixed revenue for the fourth quarter of 2020 increased by 10.2% year over year to NT$20.24 billion, mainly due to higher ICT project revenue. The local telephone service revenue decreased by 3.6% to NT$6.04 billion, primarily driven by the increased mobile and VoIP substitution.

Mobile communications revenue for the fourth quarter of 2020 increased by 2.0% to NT$24.96 billion, mainly due to the increase of smart device sales, which offset the decrease of mobile service revenue.

Internet business revenue for the fourth quarter of 2020 increased by 18.3% year over year to NT$9.72 billion.

International fixed communications revenue decreased by 18.5% to NT$2.14 billion.

Total revenue for the full year of 2020 remained flat at NT$207.61 billion.

Operating Costs and Expenses

Total operating costs and expenses for the fourth quarter of 2020 increased by 11.3% year over year to NT$50.30 billion, mainly due to higher ICT project costs and cost of goods sold.

Total operating costs and expenses for 2020 remained flat at NT$166.85 billion.

Operating Income and Net Income

Income from operations for the fourth quarter of 2020 increased by 5.7% to NT$10.50 billion. The operating margin was 17.7%, as compared to 18.0% in the same period of 2019. Net income attributable to stockholders of the parent increased by 5.8% to NT$8.23 billion. Basic earnings per share was NT$1.06.

Income from operations for 2020 increased by 4.2 % to NT$ 42.36 billion. The operating margin was 20.4%, compared to 19.6% for 2019. Net income attributable to stockholders of the parent increased by 1.9 % to NT$ 33.42 billion. Basic earnings per share was NT$4.31.

Cash Flow and EBITDA

Cash flow from operating activities for the fourth quarter of 2020 increased by 16.2% to NT$27.40 billion, which was mainly due to an increase of accounts payable.

Cash and cash equivalents, as of December 31st, 2020, decreased by 10.6% to NT$ 30.44 billion, as compared to that as of December 31st, 2019.

EBITDA for the fourth quarter of 2020 increased by 6.1% to NT$19.89 billion. EBITDA margin was 33.44%, as compared to 33.94% in the same period of 2019.

EBITDA for 2020 increased by 3.8 % to NT$ 78.70 billion, and EBITDA margin was 37.91%, compared to 36.54% for 2019.

Capital Expenditure ("Capex")

Total Capex for the fourth quarter of 2020 increased by 18.9% to NT$ 9.28 billion.

Business and Operational Highlights

Broadband/HiNet

The Company continued to execute its strategy of encouraging FTTx migration. As of December 31st, 2020, the number of FTTx subscribers reached 3.62 million, accounting for 83.3% of the Company’s total broadband users. Moreover, the number of subscribers signing up for speeds of 100Mbps or higher increased by 11.0% year over year, reaching 1.76 million. 

HiNet broadband subscribers decreased by 1.1% year over year to 3.58 million as of December 31st, 2020.

Mobile

As of December 31st, 2020, Chunghwa Telecom had 11.30 million mobile subscribers, representing a 6.1% year-over-year increase.

Fixed line

As of December 31st, 2020, the Company maintained its leading position in the fixed-line market, with a total of 9.90 million subscribers.

(in NT$ billion)

2020

2019

YoY%

Oct.-Dec.

Jan.-Dec.

Oct.-Dec.

Jan.-Dec.

Oct.-Dec.

Jan.-Dec.

Revenue

59.48

207.61

55.23

207.52

7.7

0.0

Operating costs and
expenses

50.30

166.85

45.20

166.74

11.3

0.1

Other income and
expense

1.32

1.60

-0.10

-0.13

1,437.2

1,353.1

Income from
Operations

10.50

42.36

9.93

40.65

5.7

4.2

Income before
Income Tax

10.42

42.84

10.00

41.75

4.2

2.6

Net income
attributable to
stockholders of the
parent

8.23

33.42

7.77

32.79

5.8

1.9

EBITDA

19.89

78.70

18.75

75.82

6.1

3.8

EPS(NT$)

1.06

4.31

1.00

4.23

5.8

1.9

2021 Guidance

For 2021, the Company expects total revenue to increase by 0.8~1.0%, to NT$209.26~NT$209.72 billion as compared to the un-audited consolidated total revenue of 2020. Operating costs and expenses are expected to increase by 0.4%~0.5%, to NT$167.58~NT$167.66 billion as compared to the prior year.  Income from operations is expected to decrease by -1.5%~0.4% to NT$41.72~NT$42.51 billion, year over year.

Income before income tax and net income attributable to stockholders of the parent are expected to be NT$42.08~NT$43.61 billion and NT$32.60~NT$34.09 billion, respectively. Basic earnings per share is expected to be NT$4.20~NT$4.40.

Acquisition of Material Assets in 2021 is expected to decrease by NT$26.83 billion to NT$44.32 billion as compared to the prior year.

(NT$ billion except EPS)

2021(F)

2020

(un-audited)

 change

YoY(%)

Revenue

209.26~209.72

207.61

1.65~2.11

0.8%~1.0%

Operating Costs and Expenses

167.58~167.66

166.85

0.73~0.81

0.4%~0.5%

Other Income and Expense

0.12~0.37

1.60

(1.48)~(1.23)

(92.5%)~(76.9%)

Income from Operations

41.72~42.51

42.36

(0.64)~0.15

(1.5%)~0.4%

Non-operating Income

0.36~1.10

0.48

(0.12)~0.62

(25%)~129.2%

Income before Income Tax

42.08~43.61

42.84

(0.76)~0.77

(1.8%)~1.8%

Net Income Attributable to
Stockholders of The Parent

32.60~34.09

33.42

(0.82)~0.67

(2.5%)~2.0%

EPS(NT$)

4.20~4.40

4.31

(0.11)~0.09

(2.5%)~2.0%

EBITDA

79.90~80.65

78.70

1.20~1.95

1.5%~2.5%

EBITDA Margin

38.2%~38.5%

37.9%

0.3%~0.6%

Acquisition of Material Assets

44.32

71.15

(26.83)

(37.7%)

    Mobile Broadband 
    Concession

–

47.37

(47.37)

(100.0%)

      Acquisition of Property, 
      Plant and Equipment and 
      Intangible Assets

43.15

23.60

19.55

82.8%

             Others

1.17

0.18

0.99

550.0%

Disposal of Material Assets

0.99

0.80

0.19

23.8%

Note 1: "Other income and expenses" includes gains (losses) on disposal of property, plant and equipment (PP&E) and investment property, and impairment loss on PP&E and investment property.
Note 2: The calculation of growth rates is based on NT$ thousand.

Financial Statements

Financial statements and additional operational data can be found on the Company’s website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings

NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Chunghwa’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa’s filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

NON-GAAP FINANCIAL MEASURES

To supplement the Company’s consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure".  EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.

In managing the Company’s business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business. 

CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES

In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including "EBITDA". The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.

Chunghwa Telecom’s management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company’s operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:

  • these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company’s T-IFRSs financial measures;
  • these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company’s T-IFRSs financial measures;
  • these non-GAAP financial measures should not be considered to be superior to the Company’s T-IFRSs financial measures; and
  • these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.   

Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company’s results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is Taiwan’s largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw

Related Links :

http://www.cht.com.tw

PR Newswire

HGC brings hyperscale ultra-connectivity to 20+MW Hong Kong cloud data centre

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HONG KONG, Jan. 20, 2021 — HGC Global Communications Limited (HGC), a fully-fledged fixed-line operator and ICT service provider with extensive local and international network coverage, services and infrastructure, today announced the availability of its hyperscale-focused fibre optic network at AirTrunk’s latest hyperscale data centre in Hong Kong.

Asia-Pacific hyperscale data centre specialist, AirTrunk opened the doors of its HKG1 data centre in December 2020. Near Tsuen Wan, AirTrunk’s 20+ MW facility is strategically located in a key hub for international connectivity. AirTrunk converted an eight-storey industrial building into a world-class hyperscale data centre with a design PUE of 1.35 in record time to support cloud customers ramping up their operations in Hong Kong and the wider region.

HGC’s fully meshed and robust fibre connectivity is available to link the new data centre to others in the city and beyond into APAC, through HGC’s fast growing fibre network. Reliable service can be brought online within four to six weeks, and between two to three weeks for fast track customers. Leveraging the ubiquitous network and extensive portfolio of services, HGC links its home market with the rest of the world and carries traffic between internationally-dispersed geographies.

Being a major financial hub and technology centre, Hong Kong is one of the Asia’s most connected locations. With a healthy data centre landscape and a large portfolio of submarine cables, Hong Kong is set to remain a top choice for deployment by global enterprises. 

Think tank house Structure Research estimates the Hong Kong data centre market to grow at a CAGR of 13% to 14%, reaching $1.7 billion by 2023. A key driver behind this growth is the ongoing letting of hosting floor to hyperscale companies, especially large public cloud operators. Hong Kong has one of the highest concentrations of deployments by these players.

Thomas Lee, AVP, Global Carrier Data, International Business of HGC, said: "We have borne witness to rapid mounting demand for data centre to data centre network connectivity services in Hong Kong. The HGC fibre optic grid available at AirTrunk’s state-of-the-art facility is a solid and robust infrastructure. It has the ability to be tailored to each client’s needs, and has a specially designed SLA for hyperscale companies, including large public cloud companies seeking to expand in the region. With state-of-the-art network infrastructure, far-reaching connectivity and software-based capability, HGC is well positioned to capture widespread market opportunities arising in the digital economy."

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international fixed-line operator. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

Related Links :

http://www.hgc.com.hk

PR Newswire

uCloudlink and ING Bank Bring High-quality Mobile Network Connectivity to the Banking Sector for Fifth Consecutive Year

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HONG KONG, Dec. 17, 2020 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, and ING Bank N.V. ("ING") are entering their fifth year of cooperation for ING branches worldwide. Over the past half-decade, uCloudlink has remained committed in its efforts to help ING employees and users enjoy high-quality reliable mobile network access at any time and anywhere.

Since the partnership began in 2016, uCloudlink has been providing ING with global mobile data connectivity solutions. The company has supported ING executives and business travelers from branches in the Netherlands, Spain, the Philippines, Singapore, Turkey, the United Kingdom, the United States and other countries to remain connected without limitations during frequent international business trips, while reducing the cost of global roaming.

Those in the banking and finance sector have high requirements for internet connectivity at home and abroad. For enterprises with a large number of employees frequently travelling overseas, a flexible, efficient and reliable mobile connection is important to facilitate increased efficiency and maximum returns from the trip. However, global roaming has historically been expensive and unreliable, leading to wasted time and resources when abroad. uCloudlink provides a better solution by offering a selection of convenient options and diverse plans for reliable international mobile data connectivity.

As a leading banking and financial services company, ING entered an enterprise cooperation agreement with uCloudlink five years ago, in order to provide mobile Wi-Fi terminal products and services for employees and users. Leveraging its core patented CloudSIM technology, uCloudlink dynamically and intelligently selects the most suitable mobile network depending on the user’s location — allowing ING staff and users to enjoy superior mobile connectivity across different regions and various network operators. As the partnership approaches the five-year mark, the strength and endurance of the cooperation is a testament to the quality of uCloudlink’s products and services, which stand the test of time.

In addition to its partnership with ING, uCloudlink’s flexible global data roaming service plans can be tailor-made for a wide range of enterprises to allow better cost savings, resource management and support. At present, uCloudlink has provided services for various global institutions. Furthermore, a number of executives and employees of multinational investment firms personally purchase and use uCloudlink products and services, either from online store or via the APPs such as GlocalMe.

Looking ahead, uCloudlink looks forward to serving more enterprise customers seeking cost-effective and reliable data connectivity with low network latency, to be used locally and internationally. With its core patented technologies, extensive products and services, and significant investment in R&D, uCloudlink will allow business partners and users from just "connected" to "superior connection".

uCloudlink will continue to expand its high-tech solutions to new industries as it seeks to establish its ecosystem globally, and dedicate itself to exploring new business opportunities in domestic and overseas markets.

About UCLOUDLINK GROUP INC.

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative CloudSIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

 

PR Newswire

Hotspot Partners with Parallel Wireless to Deliver on Nigeria’s Connectivity Vision

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The Open RAN Solution and NaaS Model to Deliver Broadband Services Across Nigeria

NASHUA, N.H., Dec. 16, 2020 — Parallel Wireless, Inc., the leading U.S.-based Open RAN company delivering the world’s first software-defined end-to-end 5G 4G 3G 2G Open RAN solutions, today announced that they have been selected by Hotspot Network Limited, a Network as a Service (NaaS) provider, as a part of Digital Farmers Club (DFC), Universal Service Provision Fund (USPF) and NITDA Adopted Village for Smart Agriculture (NAVSA) connectivity initiatives to deliver 2G, 3G and 4G coverage across planned 2,000 villages in Nigeria.

GSMA states that in Sub-Saharan Africa, a quarter of the population still lives outside of mobile broadband coverage, compared to 7%  globally. Mobile internet is the sole method of digital access for many individuals and businesses in Nigeria. The COVID-19 pandemic has stressed the importance of the mobile internet to support access to education, work, healthcare, services and social networks.

The federal government of Nigeria is committed to facilitating the achievement of its national policy goals for Universal Service and Access to information and communication technologies in Nigeria. This deployment is aligned with the UN’s Sustainable Development Goals SDG Goals 1, 2, 6, 7 and 13. It also aligns with African Development Banks High 5’s – Light up & Power Africa, Feed Africa, Industrialize Africa, Integrate Africa and improve the quality of life for people of Africa.

The strategic goal of Parallel Wireless and Hotspot’s partnership is to help regional mobile operators build and expand wireless networks across Nigeria, providing next-generation digital services to local communities. This will meet DFC’s, USPFS’ and NAVSA’s objective to provide voice and data services to enable eHealth, eHospitality, eEducation, ebanking, eAgriculture and, as a result, improve the citizens’ standard of living and bring them into the digital economy. This will help DFC to create over 100,000 direct jobs and 1,500,000 indirect jobs across Nigeria.

The project partners deliver the following capabilities:

  • Parallel Wireless: High-performance, distributed architecture to build a world-class, cloud-native, 5G-ready Open RAN network. This will also deliver improved service innovation and reduced operational costs across geographically distributed sites, with the introduction of RAN automation.
  • Hotspot: Experience in deploying and managing traditional RAN as a system integrator and NaaS provider, including managed services.
  • Deployment ecosystem: Off-grid solar power system.
  • Partner banks: Funding of mobile phone acquisition scheme for women and farmers within the region.
  • DFC: A platform for empowering women and youth who run agro-businesses in rural communities, providing them with knowledge and skills in modern agricultural techniques and running a micro/small business successfully.

To learn more about Open RAN, please download this eBook: https://www.parallelwireless.com/resources/everything-you-need-to-know-about-open-ran/ 

Supporting quotes

Engr. Morenikeji Aniye, Founder and CEO, HotSpot Network Limited, said, "Hotspot has signed a commercial agreement with MTN to deploy more than 2,000 sites starting with 500 in year one. We believe that Parallel Wireless’s innovative and easy to deploy 2G 3G 4G 5G world’s leading Open RAN will enable faster time to market to deliver wireless internet to consumers and businesses."

Christoph Fitih, Africa Sales Director, Parallel Wireless, said, "We are proud to be a part of various such initiatives for implementing our world’s leading Open RAN platform to allow mobile operators to enable new and innovative services quickly and cost-effectively, in turn making a positive impact in the lives of the global population."

About Parallel Wireless
Parallel Wireless is the first U.S.-based company challenging the world’s legacy vendors with the industry’s first unified ALL G (5G/4G/3G/2G) software-enabled Open RAN macro solution. Its cloud-native network software reimagines network economics for global mobile operators in both coverage and capacity deployments, while also paving the way to 5G. The company is engaged with 50+ leading operators worldwide. Parallel Wireless’s innovation and excellence in multi-technology, open virtualized RAN solutions have been recognized with 75+ industry awards. For more information, visit: www.parallelwireless.com. Connect with Parallel Wireless on LinkedIn and Twitter.

About Hotspot Network Limited
Founded in 2008, Hotspot Network Limited (HNL) Hotspot Network Limited provides Tower collocation and infrastructure sharing service to Mobile operators, we also provide Nigerian mobile operators with a network-as-a-service(NaaS)solution aimed at overcoming the challenges of expanding mobile connectivity in rural areas of Nigeria.

https://www.hotspotnetworkltd.com/  

Logo –  https://mma.prnasia.com/media2/1004727/PW_FullColor_CMYK_Logo.jpg?p=medium600  

Related Links :

https://www.parallelwireless.com

PR Newswire

Delta’s POD Data Center Solution Enables Vietnam’s First Uptime TCCF TIER III-Certified Data Center for Hanoi Telecom’s Subsidiary HTC-ITC

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TAIPEI, Dec. 16, 2020 — Delta, a global leader in power and thermal management solutions, today announced the successful implementation of its energy-saving POD (Point of Delivery) data center solution to enable Vietnam’s first Uptime TCCF (Tier Certification of Constructed Facility) TIER III-certified data center for HTC-ITC, a subsidiary of Hanoi Telecom. The TIER III certification by the U.S.-based Uptime Institute entails an annual uptime of 99.982% for this newly-implemented data center. This IT facility is also expected to achieve an eco-friendly high-efficiency-grade(1) annual power use effectiveness (PUE) value as low as 1.4 through the support of Delta’s high-efficiency uninterruptible power supply (UPS) systems, in-row precision cooling, environmental monitoring platform, racks, accessories, and the Data Center Infrastructure Monitoring (DCIM) system for comprehensive and remote control.

Madam Trinh Minh Chau, chairwoman of HTC-ITC, expressed her delight to corporate with Delta Electronics, a foreign global enterprise. Their aim for cooperation with Delta is to build the best quality data center and to provide world-class service to customers in Vietnam and around the world.

Mr. Victor Cheng, Delta’s senior vice president and general manager of its Information Communication Technology Infrastructure Business Group said, "We applaud the continuous efforts of HTC-ITC and its parent company Hanoi Telecom to facilitate next-generation ICT infrastructure for their customers in Vietnam. Being able to construct the country’s first Uptime TIER III-certified data center for HTC-ITC is truly an honor for Delta. Together with our partners and customers in the region, we are building the foundations of the 5G networks that will support substantial economic growth for years to come."

HTC-ITC’s new data center, located in the Hoa Lac High-Tech Zone occupies 750 square meters and has a total power capacity of 750kW original requirement + 750kW for redundant power protection, in line with Uptime’s TIER III 2N architecture specifications. This data center is expandable to 900 racks in total. Delta’s highly modular and scalable POD data center solution provides the ideal flexibility and reliability to achieve that rigorous qualification.  Unlike TIER I and TIER II, the Uptime TIER III Constructed Facility Certification (TCCF)-certified data centers do not allow shutdowns during maintenance or replacement. For example, in addition to the 99.982% annual uptime requirement, float voltage on the isolated equipment must be close to 0 while no hotspots with a temperature over 25°C are allowed. The data center of HTC-ITC has reached 52 tests to pass the TCCF certification, the first time ever for a data center built in Vietnam.  

Delta’s energy-saving POD data center solution also provides integral support for this new IT facility to achieve the expected annual PUE of 1.4. The solution combines the DPH series modular UPS system and the in-row precision cooling system with variable fan speed control to facilitate hot aisle containment or cold aisle containment architectures. The DCIM platform to enable comprehensive and remote monitoring and control of entire and multiple data centers; as well as racks and accessories to simplify implementation processes for enhanced efficiency and performance. Moreover, the POD solution offers a fully modular design that helps customers with a pay-as-you-grow concept and rapid installation process to meet the rapidly growing needs of high-speed 5G networks and IoT applications.

(1) Reference source: https://slideplayer.com/slide/10890661/

About Delta

Dela, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 10 consecutive years. Delta also ranked a Climate Change Leadership Level by CDP for the 3rd year in 2019.

For detailed information about Delta, please visit: www.deltaww.com

PR Newswire

Getting Indonesia Data Center Ready for SEA Booming Digital Economy

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JAKARTA, Indonesia, Dec. 15, 2020 — Southeast Asia (SEA) has set the seal on the top spot globally as the mobile economy hotspot, overtaken China as a giant economy country. According to the study, there are more than 400 million internet users in the SEA region which accounts for around 10% of the world’s total internet users. Indonesia has reached 175,4 million, with penetration at 64% of the total Indonesian population of 272,1 million.

Most of the growth is set down to Indonesia which has the largest population in the SEA region wherein (Indonesia) the number of internet users has witnessed growth of 20% over the past two years, equating to an estimate of 29 million new users. It is expected that Indonesia will be one of the major three fastest-growing e-commerce countries globally which include India, and Malaysia.

This does not come as a surprise, and the archipelago’s digital economy is expected to be the largest in Southeast Asia. According to the annual e-Conomy Southeast Asia study by Google, Temasek and Bain & Company, its market value is expected to triple to US$309 billion by 2025, driven by the rise of e-commerce, ride-hailing and online gaming.

To realize this billion-dollar potential, Indonesia needs to overcome the lack of robust digital infrastructure that hurdle both the public and private sectors. In order to reap the full benefits of digital transformation, investing in ICT is key, especially data center and network capabilities as these are backbones to successful implementation of innovative technologies.

Ensuring Indonesia data center scalability for booming digital economy

The Indonesian data centre colocation market is concentrated in the Greater Jakarta region in West Java. The Jakarta data centre market is set to enter an accelerated growth phase. The market is expected to have 72.5MW of total inventory built out by the end of 2020 and this will grow at a five-year CAGR of 22.3% according to Structure Research projections.

Currently, Indonesia’s colocation data centre market is at a beginning stage. It is relatively challenging for overseas data centre colocation operators looking to enter or expand, due the lack of rich fibre infrastructure outside the Golden Triangle and vibrant domestic outsourcing market.

Now the question is, how optimized are data center operators in Indonesia alone to cater the booming digital economy?

In-house or multi-tenant data center operators need to brace themselves for the surging volume of data and the growing expectations of a seamless digital experience. DCI Indonesia, Telkomsigma, Biznet and others are prominent players in the Indonesian market.

"There are tremendous opportunities ahead, the cloud is growing exponentially along with the booming digital economy, and they need to provide [the] infrastructure to cater for the cloud. The advantages are undoubtedly driving demand and fueling recent growth of new hyperscale facilities in Indonesia. Currently, this market has DCI Indonesia to fulfill the demand for hyperscalers to enter the market," said Philbert Shih, Managing Director of Structure Research.

DCI Indonesia, has built a 200MW facility at 85,000 sq m land in Cibitung at Greater Jakarta last year, the first largest hyperscale campus in Indonesia, to meet future capacity needs seamlessly.

"As an Indonesian company, DCI Indonesia is the pioneer of the largest single site hyperscale data center facility in Indonesia with current capacity 22 MW, total up to 200 MW growth. Our long-term vision is to provide the best in class data center, to reinforce our commitment and seriousness in supporting the development of Indonesia’s digital economy towards the coming of the Industrial Revolution 4.0," DCI CEO Toto Sugiri said.

Hyperscale cloud is the primary driver of growth in this market, creating steady demand for wholesale data centre capacity.

The Jakarta data centre colocation market is set to take off as Internet adoption accelerates in the mass market and enterprises begin to use various infrastructure outsourcing models. Much of this activity is moving to hyperscale cloud platforms and the data centre market is positioned to take full advantage.

Hyperscale will create demand for wholesale colocation to house the supporting infrastructure and drive uptake of interconnection services to integrate and scale with cloud services. For the total Jakarta market, built out capacity in 2025 is projected to reach 198.5MW, with maximum build out capacity of 236.3MW. 

It may take a while longer for the emerging SEA countries, like Indonesia, to mature. But, Indonesia is set to be the fastest growing market for data centres in SEA, with a growth rate of 22 per cent per annum over the next five years.

The wholesale data centre colocation portion of the market is expected to grow at a five-year CAGR of 43.5% between 2020-25. The wholesale data centre colocation market alone will reach approximately 131.2 MW of built out capacity in 2025.

This research and trends shows Indonesia as a "hotspot" for hyperscale data center investment within the next five years, driven by the rise in cloud adoption.  Google’s, Alibaba, and AWS entry into Indonesia also demonstrates a developing interest in the country as a substitute to Singapore.

Toto Sugiri, CEO of DCI Indonesia, added, "As of today, we continue to witness strong market demand from our current customers as well as global business players looking to enter the market. To keep up with demand, DCI Indonesia has completed the final stages of construction for our newest data center building, JK5, with the capacity of 15 MW, an additional 20% (approximately) from current capacity built out in Indonesia. This gave us a strong foundation to grow our business in supporting the readiness of Indonesia data center for this SEA booming digital economy in the next future".

PR Newswire

China Telecom Honored with “ESG Leading Enterprise Award” by Bloomberg Businessweek / Chinese Edition

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HONG KONG, Dec. 4, 2020 — China Telecom Corporation Limited ("China Telecom" or "the Company"; HKEx: 00728; NYSE: CHA) is pleased to announce that the Company was awarded "ESG Leading Enterprise Award" – the category of market capitalization over HK$20 billion in the second ESG Leading Enterprise Awards 2020 organized by Bloomberg Businessweek/Chinese Edition, a leading business magazine in the Greater China region offering in-depth coverage with local insights and a global perspective, and Deloitte, a leading global professional services provider.

China Telecom Honored with “ESG Leading Enterprise Award” by Bloomberg Businessweek / Chinese Edition
China Telecom Honored with “ESG Leading Enterprise Award” by Bloomberg Businessweek / Chinese Edition

The ESG Leading Enterprise Awards 2020 aims at encouraging enterprises to adopt Environmental, Social, and Governance (ESG) best practices and enhance transparency in ESG reporting and disclosure, ultimately to foster a sustainable business culture with positive impact on the environment and society. The awards are adjudicated by a panel of professional judges including economists, financial analysts and accountants, ensuring objectivity and credibility of the assessment process.

The accreditation received by China Telecom is a testimony to the achievement of the Company’s outstanding performance in ESG strategies, initiatives and disclosures. China Telecom well recognizes the growing importance attached to the Company’s performance in ESG by the capital market, with such performance being increasingly integrated into investment decisions. Therefore, the Company will continue to strengthen the disclosure and explanation in ESG to give investors a fuller understanding of the Company’s execution, goals and strategies.

Related Links :

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PR Newswire

Limited time VPN Promotion for HGC Broadband customers

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VPN’s advantages make digital life better by providing cybersecurity upgrade, anti-tracking and more without geo-restrictions

HONG KONG, Dec. 4, 2020 — HGC Broadband, the home broadband service offered by HGC Global Communications Limited (HGC), announced today the launch of a limited time VPN promotion, offering selected HGC Broadband customers with Surfshark a 6-month VPN Service Plan to meet the increasing demand for strong cybersecurity and ensure they can enjoy the digital world with much more ease.

Protect the privacy online without geo-restrictions

Surfshark VPN service adds an extra layer of security to safeguard the identity of netizens. The advantages include:

  • Protection from malware and phishing attempts, and free from ads and trackers.
  • Protection from data theft, tracking, surveillance, and commercial targeting
  • Users can stream global content and not miss their favorite shows when travelling
  • Single account enables connection for an unlimited number of devices

In addition, HGC Broadband customers can purchase a 12-month Surfshark VPN service at a 78% discount# (12-month Surfshark VPN service plan original price $1111.8) between now and 21 December. For registration or inquiries, please refer to https://www.hgcbroadband.com/en/value-added-service/vpn.

Ben Wu, Director – Consumer & Mass Market, HGC, said, "At HGC, we have been paying close attention to market trends and customers’ needs. Cybersecurity has become a very important issue and is increasingly in demand. It literally affects all sectors and is especially important now with many of our customers working from home and shopping online during the pandemic. We will give out the free VPN service to selected customers and offer HGC Broadband customers the opportunity to purchase a VPN service at a discounted price, hoping to alleviate online security issues and worries and ensure customers can enjoy a safe and happy digital life."

*First come first served, while stock lasts.
#Offers are subjected to relevant terms and conditions, please refer to https://www.hgcbroadband.com/en/value-added-service/vpn 

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international fixed-line operator. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides a broad range of advanced telecommunications and ICT services. Headquartered in Hong Kong and operating 23 overseas offices on five continents, it provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and adding the latest technologies and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

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PR Newswire

Epsilon Partners with Aviatrix to Deliver Advanced Multi-Cloud Networking

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Epsilon extends its partner ecosystem to accelerate its cloud networking capabilities with automation, operational visibility and control.

SINGAPORE, Dec. 1, 2020 — Epsilon, a global connectivity service provider, has partnered with Aviatrix, a leading cloud network platform, to deliver a multi-cloud service for enterprises. Epsilon Cloud Networking is an end-to-end multi-cloud service with the automation, operational visibility and control that enterprises need to simplify cloud networking.

Epsilon customers benefit from features including advanced multi-cloud functionality, enterprise-class networking and security and network abstraction. The multi-cloud service directly controls native cloud networking constructs to maintain cloud simplicity and automation. It is based on the Aviatrix multi-cloud network platform with the ability to move data between cloud environments, including Amazon Web Services, Google Cloud Platform, Microsoft Azure and Oracle Cloud.

"We are excited to partner with Aviatrix to deliver a cloud networking service beyond traditional connectivity. Epsilon Cloud Networking addresses the real challenges in enterprise networking within and across the clouds," said Michel Robert, Chief Executive Officer at Epsilon. "We have combined our expertise in global connectivity with Aviatrix’s cloud network platform to deliver an end-to-end multi-cloud service. With Aviatrix as our partner, we are confident in delivering a best-in-class cloud networking solution for our customers."

Epsilon Cloud Networking uses Epsilon’s private network as the underlay and the Aviatrix cloud network platform to create an enterprise-class network inside and between public clouds. The Aviatrix network provides multi-cloud networking that goes beyond the basic native cloud networking service constructs. The Epsilon service also allows customers to consume security services, such as FQDN filtering and service insertion of next-gen firewalls, to meet their security and compliance requirements.

"Our partnership allows Epsilon to deliver a complete end-to-end service for businesses looking for better visibility and control over their multi-cloud environment. Our enterprise-class multi-cloud network architecture is specifically tailored for large-scale enterprises, so that they can transform their operations with the help from cloud experts," said Steve Mullaney, Chief Executive Officer at Aviatrix. "We look forward to evolving our solution to further enable Epsilon to meet the changing cloud requirements of enterprises across the globe."

Epsilon Cloud Networking leverages a multi-cloud network architecture with a common network data and operational control plane. Through point and click workflows and infrastructure as code automation, enterprises using the multi-cloud service no longer need to undertake the complex and manual processes of native cloud networking. The service provides everything an enterprise needs to transform their cloud networking through a single relationship.

"Business transformation has driven enterprise IT organisations to embrace public cloud as the new centre of gravity for applications and data," said Chin Woon Lee, Data Services Director at Epsilon. "With the pandemic pushing the pace of this transformation, cloud operations teams are facing more challenges including limited visibility, lack of network control and skill gaps. Our cloud networking service will enable businesses to take on these challenges more effectively."

www.epsilontel.com

Related Links :

The Global Connectivity Provider
PR Newswire

ZTE supports Ncell in completing preventive network maintenance at Everest Base Camp

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SHENZHEN, China, Nov. 30, 2020 — ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has supported Ncell successfully completing the preventive network maintenance at the southern slope of Everest Base Camp (EBC) at an altitude of 5,363 meters, further ensuring the network coverage quality of 2000-meter range around EBC.

ZTE supports Ncell in completing preventive network maintenance at Everest Base Camp
ZTE supports Ncell in completing preventive network maintenance at Everest Base Camp

The landmark base station of Ncell is the exclusive and highest base station on the southern slope of EBC. Since the commissioning in 2010, it has provided high-quality network services for local people and climbers.

For the network operation and maintenance (O&M), ZTE’s engineers have overcome various environmental difficulties, such as high altitude, storm wind and low temperature, and eventually completed the preventive network O&M, including power equipment replacement, wireless and transport network maintenance, and network quality optimization.

The landmark base station is mainly powered by solar energy and stand-by batteries. As it is located at a high altitude with severe environment, the maintenance of the base station is really difficult. In total, there are 10 base stations located in the Sagarmatha National Park area of Nepal, which are all constructed and maintained by ZTE. Since 2010, the base stations have continuously provided around-the-clock mobile network services for local residents and climbers.

Moving forward, Ncell will work with ZTE to achieve the mobile network coverage of the whole route of Mount Everest.

As a trusted and important partner of Ncell, ZTE has cooperated with Ncell for more than ten years to provide wireless, core network and transport network services in Nepal, meeting more than 60% of Ncell’s wireless network business needs. 

ZTE is a provider of advanced telecommunications systems, mobile devices and enterprise technology solutions to consumers, operators, companies and public sector customers. The company has been committed to providing customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology sectors converge. Listed in the stock exchanges of Hong Kong and Shenzhen (H share stock code: 0763.HK / A share stock code: 000063.SZ), ZTE sells its products and services in more than 160 countries.

Media Contacts:

Margaret Ma                                                      
ZTE Corporation                                                
Tel: +86 755 26775189                                     
Email: ma.gaili@zte.com.cn     

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http://www.zte.com.cn