KUALA LUMPUR: Telekom Malaysia Bhd
(TM) will focus on greater efficiency and productivity in anticipation of a challenging 2023 due to a global economic slowdown and the likelihood of a higher cost of doing business.
Chairman Tan Sri Mohammed Azlan Hashim said the group was cognisant of the need for continuous innovation in order to remain competitive in the face of these challenges.
"Our ability to evolve and adapt has been instrumental in our success thus far, and we remain committed to exploring new opportunities and staying ahead of the curve,” he said in TM's Integrated Annual Report 2022 released today.
Mohammed Azlan also said the company remained on track with its nation-building agenda, particularly in driving its vision of Digital Malaysia, empowering communities, businesses and the government.
"We believe that our success as a company is deeply intertwined with the success of our nation and remain committed to playing our part in building a stronger, inclusive and prosperous Malaysia,” he said.
Mohammed Azlan said regulatory developments would have a major impact on its business in the coming year.
"We hope to see a balanced approach that avoids unnecessary consequences while continuing to deliver cheaper rates and better services to the rakyat,” he said.
In terms of competition, Mohammed Azlan noted that the group anticipated potential changes in the 5G scenario as well as new challenges related to the latest Mandatory Standard on Access Pricing.
"However, we see strong growth potential in the fixed-mobile convergence arena and digitalisation which would be crucial for micro, small and medium enterprises and businesses in 2023 and beyond.
"We also recognise that there are other areas that will be worth venturing and developing, such as cyber security, content delivery networks and data centres, which we will continue to invest in as part of our growth opportunities,” he added. - Bernama
