Chunghwa Telecom Co., Ltd ( CHT ) Q4 2011 Earnings Call February 22, 2012 4:00 am ET Executives Fu-fu Shen – Director, Investor Relations Shyue-Ching Lu – Chief Executive Officer Shaio-Tung Chang – President Shu Yeh – Chief Financial Officer Analysts Danny Chu – Nomura Chate Benchavitvilai – Credit Suisse (Hong Kong) Limited Joseph Quinn – Mcquarie Securities May Lin – Yuanta Steven Liu – Standard Chartered Bank (Hong Kong) Gary Yu – Morgan Stanley Sydney Zhang – Bank of America/Merrill Lynch Piyush Mubayi – Goldman Sachs Presentation Operator Compare to: Previous Statements by CHT » Chunghwa Telecom's CEO Discusses Q3 2011 Results - Earnings Call Transcript » Chunghwa Telecom's CEO Discusses Q2 2011 Results - Earnings Call Transcript » Chunghwa's CEO Discusses Q1 2011 Results - Earnings Call Transcript » Chunghwa Telecom Co. Ltd. Q3 2008 Earnings Conference Call Transcript Good evening, ladies and gentlemen.