728
— 3,9364.7%3,738 4.5%EBITDA 1,189 1.4% 209 1.6% 0.26
— 5G5G8,65024.6% 3.511,54522.0%
— 719 5.1%11137.5%
— 1840 2138
— 2020 0.125 2020
1 IDC 2
– 2 –



2020 0.125 2020
3
– 3 –

5G
5G+ 5G30 5G VR 5G 5G 1 5G
5G 20203.511,545 22.0%5G8,65024.6%5G 1.5ARPU
– 4 –
DICT
20201.59719 5.1%ARPU38.40.8%ARPU 111 37.5% ARPU8 44.4 4.2%

5G 5G SA5G 5G9 AGV5G 20205G 1,900 1,100 IDC 500
8 ARPU

– 5 –


5G5G38 5G SA5G 4G4G17 2+4+31+X+O IDC 100IDC 42 80% 4MEC 280 ROADM10OTN 138

AI 5G 85% 5G
SA 11AI4G
10 ROADMReconfigurable Optical Add-Drop Multiplexer 11
– 6 –
5G IDC 4G
AI 100

UPF125G 40882GSMA 5G SA
12 UPF (User Port Function)
– 7 –
13
ESG 10 Institutional Investor 12The Asset 13Corporate Governance Asia FinanceAsia
20205G 5G
– 9 –



20201231
4 393,561 375,734
(90,240) (88,145)
(385) 604
97 (147)
(288) 457
(4) (2)
48,425 59,206
59,457 61,549
29,920 29,923
18,508 16,349
40,303 39,192
73 –

18 3 939 7
16


•
• 2021630
– 15 –
4.

(ii) 208,019 197,244
(iii) 96,885 87,623
(iv) 22,623 21,978
(v) 19,598 17,906
(iv)
(v)
6.
27,387 27,034
(ii) (47) (129)
(iii) 915 979
(iv) (576) (460)
(ii) 8%35%
(iii)
(iv)
(vi)
202052620191231 0.1144410.12592.622020
1231 1231 1231 1231 1231 1231





5,299 4,862 (24,067) (18,831) (18,768) (13,969)
791 744 – – 791 744
5 18 (4) (13) 1 5
– – (137) (234) (137) (234)
8,164 7,577 (24,208) (19,078) (16,044) (11,501)
– 19 –
744 47 791
5 (4) 1
(11,501) (4,543) (16,044)
676 68 744
10 (5) 5
(5,918) (5,583) (11,501)
(ii)
2021120


(iii) A
202139A
14 2020107.112019 93.64202054.30201952.26 202036.22201935.34
15 EBITDA EBITDA EBITDA EBITDA
16 EBITDAEBITDA
20192020
40,866 45,146 -9.5%
208,019 197,244 5.5%
96,885 87,623 10.6%
22,623 21,978 2.9%
393,561 375,734 4.7%



– 26 –

20195.3% 92.7%2019 0.4
20192020
90,240 88,145 2.4%
119,517 109,799 8.9%
65,989 63,567 3.8%
29,074 27,792 4.6%
5,042 –
364,921 346,664 5.3%
– 27 –




– 28 –




– 29 –



20202019
– 30 –
2020421.072019 34.6%


18 19

– 31 –

20202019
2020533.422019256.80 99.3%201999.4% 0.4%20190.4%0.3%20190.2% 90.1%2019
82.9%


2020
2020
– 33 –


2.
H H2021512 430 183171712–1716

2008 [2008]89720215
18HH 202010%
[2011]348H 10% 10%H 10% 10% H10%
20% H20% 20% 201935 2019 35
– 35 –
[2014]81 [2016]127 H 20% H H

193327A 193421E 20-F

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