1Q 2023 Reported Results and Strategic Growth Initiatives
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Key Takeaways
TM
2023 is expected to be a challenging year with changes in the regulatory landscape, heightened competition and other market
dynamics uncertainties. We continue to embrace opportunities amidst the challenges focusing on revenue growth from all our Lines
of Business:
Unifi continue to increase the fixed broadband subscriber base
TM Global pursuing to capture opportunities for strong demand in Domestic and International segments
In addition, we maintain close cost monitoring to improve profitability while making capital investments for future business
development. As a result, despite lower profitability, our financial indicators have continue to improve from the previous year.
The Group is cautious of the economic landscape and customers' measured spending but remains steadfast in the final
year of its 2021-2023 Transformation Programme to continue strengthening its core business to be commercially sustainable as
a PLC whilst continuing to contribute to the nation's growth via its role as a GLC. As the national connectivity and digital
infrastructure provider, executing the nation's fiberisation plan in support of the Government's National Digital Network (JENDELA),
TM completed Phase 1 of the Point of Presence (POP) project installations, across the northern region, Sabah, and
Sarawak. This new fibre optic network hub programme contributes towards improving internet experience for schools and the
general public in rural areas. TM is also committed to continue playing an active role in the 5G implementation, leveraging on
its nationwide fibre infrastructure, extensive digital platforms (data centre, edge nodes) and rollout experience.
TM maintains its dedication to strengthening its core business despite the challenges posed by the current economic
landscape and regulatory policy developments in the industry. To manage the effects from the implementation of Mandatory
Standard on Access Pricing (MSAP) and sustain a relatively stable revenue for the year, the Group will exercise prudence in
operational spending and prioritize investments in areas that promote business growth, such as cloud services, data
centers, and the expansion of submarine cables. As TM transitions from being a Converged Telco to a Human-Centered
TechCo, the Group remains committed to fostering a sustainable Digital Malaysia through technology that empowers
communities, businesses, and the Government.
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