One industry source said it would be a difficult account to service. "I think they will have to recruit a lot of people, and I forecast they will need about 40 people to handle the three parts of the business," said the source. "Even when (Chunghwa) had a few agencies, each of the agencies was working extremely hard on their respective pieces of business."
It is believed the company is eyeing other Southeast Asia markets in a bid to expand its revenue base in the face of a saturated domestic market. The firm, which controls two-fifths of the domestic market, posted a Q1 net profit of US$308 million, down 14 per cent from a year earlier.