Taiwan telecoms firm puts $300m brief up for pitch

TAIPEI: Chunghwa Telecommunications has put its NT$300 million (US$8.7 million) ISP business, HiNet, up for pitch after its existing contract with FCB expired.

Eastern Advertising, Regal International and Harvest Advertising are pitching against FCB, which has handled the Government-owned account since July 1999, and successfully retained the brief in a review a year ago.

Although the brief values the account at $300 million, sources said the figure could eventually run to $400 million. Chunghwa was the ninth-largest advertiser in 2001 at $426 million, according to Rainmaker Industrial.

The figure showed a 28 per cent drop from the previous year.