TM Achieves 15% Reduction in Operating Expenses Through Effective Cost Control
By Loshinniy Nair S.Baskaran,
2nd December 2024-Telekom Malaysia Berhad (TM) has reported significant progress in its cost control initiatives, achieving a remarkable 15% reduction in operating expenses for the third quarter of 2024. This achievement is attributed to a series of strategic measures aimed at enhancing operational efficiency and streamlining processes.
The company has focused on optimizing its workforce and improving procurement strategies, which have contributed to substantial savings. TM’s efforts have not only strengthened its financial position but also improved its competitive edge in the telecommunications sector.
In addition to cost-cutting measures, TM is investing in digital transformation to enhance service delivery and customer experience. The company aims to leverage technology to drive growth and innovation while maintaining a sustainable business model.
Looking ahead, TM remains committed to further refining its operations and exploring new revenue streams. The management believes that these initiatives will position the company for long-term success in a rapidly evolving market. Overall, TM’s proactive approach to cost management reflects its dedication to delivering value to shareholders and customers alike, as stated in THE STAR.
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