Far EasTone says 5G profits to take longer than plannedBy Lisa Wang / Staff reporterFar EasTone Telecommunications Co (遠傳電信) yesterday said that given heavy 5G spectrum costs, it would take longer than expected to see a positive contribution from 5G services on its balance sheet. Far EasTone originally forecast that 5G services would make a positive contribution one to two years after launch, which is scheduled for the third quarter, Far EasTone president Chee Ching (井琪) said. Far EasTone Telecommunications Co president Chee Ching talks to reporters about the company’s 5G development at a news conference in Taipei yesterday. Far EasTone expects 5G services to boost the company’s average revenue per user mildly this year, Ching said, adding that the effect would magnify next year. Based on the initial construction plan it submitted to the commission for review, Far EasTone plans to build 6,000 5G base stations in the next five years.

Source: Taipei Times March 17, 2020 15:56 UTC