04 Jul '18, 4am

TM downgrades 2018 KPIs, initiatives in place to remain resilient and to stay ahead of the curve.

TM downgrades 2018 KPIs, initiatives in place to remain resilient and to stay ahead of the curve.

Telekom Malaysia Berhad (TM) today announced that it was revising its Headline Key Performance Indicators (KPIs) citing evolving market dynamics and a challenging operational environment. The group also stated that the implementation of its transformative Performance Improvement Programme 2018 (PIP 2018) is now in its fourth wave. As detailed in a previous post , TM also revealed new broadband plans that are part of ongoing efforts to democratise broadband in the nation. It’s been a challenging year for TM, with intensifying competition, increasing business and operating costs, cautious enterprise spending and increasing regulatory pressure. As if not enough, it also lost its CEO . Downtrend As a quick recap of Q12018, the group’s revenue fell 4 percent, down from MYR2.9 billion to MYR2.85 billion compared to the year-ago quarter. Its Q12018 Normalised Earnings Before Inte...

Full article: https://vernonchan.com/tm-revises-2018-headline-kpis-upda...

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