NEW DELHI, Sept. 9, 2024 /PRNewswire/ -- Prime Minister Narendra Modi virtually addressed the inaugural International Solar Festival 2024, being hosted by the International Solar Alliance (ISA) on September 5-6. With 119 member and signatory countries, the ISA works to advance global solar energy adoption, particularly focusing on developing nations.
"The world must collectively address the imbalance in renewables' investments. Solar manufacturing and technology must be democratized to help developing countries. As ISA co-founder, India is committed to working with the world for a green, inclusive future. ISA, through global policy and action, is leading the world to a future powered by the sun," the Hon'ble Prime Minister said.
In his address at the inauguration, Shri Pralhad Joshi, Hon'ble Minister of New and Renewable Energy and President of the ISA Assembly, said, "India is committed to supporting the world, particularly the Global South, in advancing an inclusive and sustainable future, drawing on its success in clean energy initiatives. The festival reflects India's commitment to a sustainable future, inspiring collective action toward an energy transition, led by the government, youth, communities, and the private sector."
Dr. Ajay Mathur, Director General of the ISA, praised the ISA's efforts in accelerating solar energy's growth globally, stating, "Our mission is to make solar the foundation for a prosperous and sustainable planet. Solar's robust year-on-year growth is driving economic upliftment and global transformation. However, investments remain concentrated in a few countries, and expanding access to solar energy globally is critical."
At the sidelines of the festival, the ISA announced that it has entered into exclusive discussions with Africa50, to have it serve as a potential investment manager for ISA's proposed Africa Solar Facility (ASF). The ASF is a $200 million initiative designed to unlock investment in distributed solar projects across Africa. By offering tailor-made and cost-effective financing solutions, the facility aims to bridge the gap in a currently underserved market, where smaller project sizes and high perceived risks have hindered solar investment.
Bhutan's Prime Minister Tshering Tobgay commended the ISA for aiding solar energy development in rural areas through regulatory support and capacity building. Mauritius' Prime Minister Pravind Jugnauth highlighted the ISA's role in achieving 30% solar energy by 2030, vital for climate-vulnerable Small Island Developing States like Mauritius.
The inauguration was also addressed by the ISA Vice Presidents and Vice Chairs from the Latin America and the Caribbean Region and the Asia & Pacific Region; and H.E. Damien SYED, Deputy Head of Mission, French Embassy in New Delhi, representing France's co-presidency of the ISA.
The International Solar Festival 2024 sets a pivotal milestone in the global journey towards an inclusive, solar-powered future. Convening heads of State, diplomats, business and community leaders, youth, and experts, the festival has catalyzed stronger collaboration and innovative financial mechanisms to ensure solar energy reaches underserved regions.
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PM Modi Calls for Democratizing Solar Manufacturing and Technology at International Solar Festival 2024
Chunghwa Telecom leverages its widest and fastest 5G mobile network to better assist customers with digital transformation and meet the demands of smart applications.
SAN ANTONIO, Sept. 17, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the telecom and 5G industries in Taiwan and, based on its findings, recognizes Chunghwa Telecom with the 2024 Taiwanese Company of the Year and Customer Value Leadership Awards. The company is an integrated service provider that owns most of Taiwan's fixed-line infrastructure (supplemented by undersea cables and satellite coverage), and is the largest mobile operator in Taiwan. It provides 99% 4G population coverage nationwide and, unlike its peers, offers critical data services to the consumer and enterprise segments anywhere and anytime—even in remote and rural areas. With its 5G service already covering 97.6% of the country's population and offering 361.83 Mbps median download speed, the company is leading the way with 5G and is at the forefront of 5G application development. Its strategic use of AI technology helps address customers' unmet needs, such as transitioning toward net zero emissions and environmental sustainability. In combination with 5G and video streaming services, AI also enhances the audio-visual experience for customers.
Chunghwa Telecom's 5G standalone (SA) architecture enables network slicing for dedicated channels that can withstand peak-hour traffic, making it suitable for large-scale 5G applications that require guaranteed bandwidth. With 5G SA powering network slicing, the company can more adequately address market demand for 5G applications and take traditional 5G private network construction to the next level. Chunghwa Telecom's 5G accelerator helps Taiwanese start-ups develop and commercialize 5G applications that meet industry needs, and the company has successfully empowered many enterprises across various industries. Its 5G private networks have created a stable revenue stream and expanded its market share in the space, contributing to double-digit year-on-year (YoY) revenue growth of its ICT business in 2023.
Mei Lee Quah, research director for ICT at Frost & Sullivan, observed, "Chunghwa Telecom consistently drives the development of new business applications and strives to provide customers with faster and more convenient services that offer more value. As an example, the company is currently helping advance cybersecurity technologies to create new business opportunities, especially solutions that address consumer privacy risks and personal information rights, as well as the security of business operations and governance. With new 5G capability, it is also creating a new wave of smart services that provide customers with higher-quality services and digital applications."
Chunghwa Telecom's customer satisfaction and experience differentiate it from competitors. The company's innovative 5G applications and strong reputation for customer service have pushed 5G subscriptions to exceed 3 million. The company leads the telecom market with 11.22 million mobile (non-IoT) and 1.92 million IoT subscriptions, a significant share of the Taiwanese 127.5% mobile phone penetration rate nationwide. Its long-term relationships with customers drive brand loyalty and strength beyond Taiwan—the brand is recognized on global leaderboards. Chunghwa Telecom's robust 5G partner ecosystem allows the company to enter new markets and develop new revenue streams with first-to-market solutions that offer unique experiences and interactive services, increasing customer support for 5G. Additionally, its partnerships drive possibilities at a level above local competition and on par with global leaders. The company's increasing YoY revenue growth and mobile subscriber market share over the last four years testify to its leadership and outstanding performance in the telecom market ahead of competitors in Taiwan.
"Chunghwa Telecom addresses pain points and improves the lives of Taiwanese people with smart services that offer customers enhanced solutions and digital applications. The company's commitment to meeting and exceeding the needs of its customers with 5G is truly commendable and positions it far ahead of its competitors," added Quah. With its strong overall performance, Chunghwa Telecom earns Frost & Sullivan's 2024 Taiwanese Customer Value Leadership Award and Company of the Year Award in the 5G space and telecom industry, respectively.
Each year, Frost & Sullivan presents the Customer Value Leadership award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company's unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion. Additionally, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. This award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.
Contact:
Tarini Singh
E: tarini.singh@frost.com
About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is Taiwan's largest integrated telecommunications service provider in Taiwan, with leading offerings in fixed communication, mobile communication, broadband, and internet services. The Company also provides information and communication technology services to enterprise customers with its big data, cybersecurity and IDC capabilities, and is expanding its business into emerging technology services such as IoT, AI, etc. Chunghwa Telecom has actively and continuously engaged and implemented environmental, social and governance (ESG) initiatives with the vision to become an international benchmark enterprise built upon sustainable development and has won numerous international and domestic awards and recognitions for its ESG commitments and best practices.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Chunghwa Telecom Applauded by Frost & Sullivan for Exceptional Customer Value with 5G and Market-leading Telecom Innovation
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