Taiwan Mobile Co. Ltd. reported earnings results for the fourth quarter of 2013. For the quarter, the company net income fall 11% to TWD 3.55 billion. Revenues went up 8% to TWD 28.55 billion with mobile service revenues rising 5% to TWD 16.18 billion. EBITDA slipped 1% to TWD 7.58 billion and EBITDA margin fell by 2.4% points to TWD 26.5%.

For the first quarter of fiscal 2014, the company expects revenues to go up 5% year-on-year while EBITDA is expected to be flat. Lower write-off losses and an one-time land disposal gain will lead to a 3% increase in EPS to TWD 1.45.

The company's board has approved a TWD 12.8 billion capex for 2014, lower than the TWD 15.1 billion budget for last year, as reductions in 3G expenditure are expected to be larger than rises in 4G capex.