25 May 2021
TM successfully concludes its 36th Annual General Meeting; ‘new TM’ transformation journey on track
Amidst challenging environment, the Company remained resilient and paved its way forward with ‘New TM’ transformation to set the Company on a sustainable growth trajectory
Telekom Malaysia Berhad Group of Companies (TM Group) today concluded its 36th Annual General Meeting (36th AGM) with all 12 Ordinary Resolutions tabled duly approved by its shareholders. The Meeting, conducted via online for the 2nd consecutive year in view of the Movement Control Order (MCO), saw virtual participation by more than 1,000 shareholders.
Commenting on the proceedings, Tan Sri Dato' Seri Mohd Bakke Salleh, Chairman of TM said: "We are very pleased that TM once again was able to conduct its AGM virtually and engage with our shareholders without being physically present at the meeting venue. This reflects our commitment towards ensuring the safety and health of our shareholders as well as stakeholders by complying with the guidelines set by the Securities Commission Malaysia (SC), National Security Council (NSC) and Ministry of Health (MoH)."
Also participating in the online AGM was Imri Mokhtar, Managing Director / Group Chief Executive Officer, TM as well as other members of the TM Board. Razidan Ghazalli, Group Chief Financial Officer, TM was also present.
"Amidst the market and pandemic challenges, we remained resilient and recorded an improvement in our 2020 performance, as our cost optimisation initiatives continue to drive profitability. Building on current momentum, we have embarked on the next phase of our exciting journey with the 'New TM' Transformation Programme. Guided by our compass of Purpose, Customers, Performance and People, we will focus on Connectivity Excellence, Solutions Excellence and Customer Experience Excellence to set us apart from the competition," added Tan Sri Dato' Seri Bakke.
The 'New TM' transformation is anchored on 40+ Value Programmes, driven by a dedicated Transformation Office; with a new cadence towards a higher execution tempo, which is already showing early traction. TM is also reshaping its workforce into a stronger execution engine, embracing a more agile work culture with future-ready skills.
This will set TM on a sustainable growth trajectory, to create shareholder value and continuously enable a more Digital Malaysia. TM, in its role of enabling Digital Malaysia, is ready to support the Government's digitalisation agenda, particularly the Jalinan Digital Negara (JENDELA) and the comprehensive Malaysia Digital Economy Blueprint – MyDIGITAL as well as other Government's digital and stimulus plans, towards accelerating the socio-economic recovery and fast-track the nation into a technologically-advanced economy by 2030.
TM is well positioned to play a significant role in MyDIGITAL – focusing on digital connectivity (fibre, 5G, international connectivity), digital infrastructure (Cloud, Data Centre and Cybersecurity) as well as digital skillsets and talents (via Multimedia University and TM Digital Academy). The Company was also appointed as the sole Malaysian Cloud Service Provider (CSP) under MyDIGITAL, at par with the other global players.
TM believes that such public and private collaboration will propel the country towards a full-fledged Digital Malaysia by 2030 – a more digital society, digital business, digital industry and digital Government.
Despite the MCO, TM was able to publish a fully Integrated Annual and Sustainability Report (IAR) for this year. The theme of this year's IAR is "Reach Further", a reflection of the ripple effect brought about by the report cover. The idea is to inspire Malaysians to go further in pursuing their dreams through Digital Malaysia, as reflected through the visuals in the separators of a Digital Society, Digital Businesses and Digital Government presented in the book. This theme and narrative are carried consistently from our report cover, separators and throughout the strategic narrative of the report.
To read and download TM's IAR 2020, visit https://tm.com.my/investor-relations/financial-information/annual-reports.
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TM's decision to exit menara KL concession
Telekom Malaysia Berhad ("TM" or "the Group") wishes to clarify that Menara KL ("MKL" or "Tower") is owned by the Government while the operations and maintenance of the tower is granted under a concession. TM via its wholly owned subsidiary, Menara Kuala Lumpur Sdn. Bhd. (MKLSB) had undertaken the concession since 1996. As part of its business transformation programme, TM is focusing its efforts and resources on strengthening its core business of telecommunications and technology. After due consideration on the change in the business nature of MKL, from telecommunications services to tourism and hospitality, TM has decided in October 2021 not to renew the MKL concession and informed the Government accordingly. Subsequently in 2022, the selection process of the new Concessionaire was then taken up by the Government upon which TM was informed on the appointed company to take over the shares of MKLSB and the MKL concession. MKLSB shall continue to operate the concession and ensure the continuity of MKL operations for the Malaysian public, including international visitors. Employees will remain employed with MKLSB under the new Concessionaire for a minimum period of 3 years. This is to ensure their welfare is protected in this transition. In TM’s 3Q 2022 financial announcement to Bursa Malaysia, a reference was made in the subsequent changes to shareholding in MKLSB. TM practices good governance and transparency in our business undertakings to preserve the interest of our customers and stakeholders. TM will provide our full cooperation and disclosures as required by the authorities. Building on our commitment to enable a Digital Malaysia, TM will continue to deliver the best telco and technology services for the community, businesses, Government and industry.
TM helps local entrepreneurs in Perlis to meet their digital needs
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unifi TV grows premium content offerings with new MangoTV and SIAR
UNIFI TV has expanded its offerings to include MangoTV, one of Mainland China’s leading online video platforms, and SIAR, a local channel that also has on-demand streaming app features for high-quality classic Malay films. Adding to its premium channels and existing streaming apps including Disney+ Hotstar, beIN SPORTS CONNECT, WeTV and Lionsgate Play, the new offerings will bring something for everyone within a single subscription, which can all be streamed over a single unifi Plus Box. These additions also strengthen unifi’s value proposition of having the largest selection of streaming apps –18 app partners in total by November 2022. “MangoTV and SIAR are quality additions to unifi TV’s international and local offerings. With MangoTV customers able to switch to other apps for free, customers can access a wider variety of content and have control over their entertainment selections – enabling them to customise their preferred content,” said Anand Vijayan, TM’s Chief Commercial Officer and EVP, unifi. Starting 6 September, unifi TV has also launched two new Ultimate Pack promotions. With a 30-day free trial and priced at MYR49.90 and MYR59.90 each, customers will access all 73 premium channels and six to eight complementary streaming apps. Anand explains, “As a leader in converged solutions for both broadband and entertainment, unifi provides all-in-one quality offerings that ease customer experiences. “Our offerings include consolidated billing and fixed prices that meet customers’ online and streaming demands, with these two new offerings now adding to our extensive selection for viewers from all backgrounds.”MangoTV among Top 5 video apps in Mainland China With more than 1,000 titles and over 30 flagship programmes, MangoTV provides Mandarin content for young working adults including films, TV series, and music. It’s popular variety TV shows include titles such as: Call Me by Fire, Ride on Wave, and Hello Saturday. Ranked among the Top 5 video apps in Mainland China, MangoTV offers up to 18 language subtitles and dubbed versions, making it accessible to all viewers. The upgraded option via unifi TV features a simpler interface and enhanced functions, as well as HD videos and panoramic sound for a more immersive viewing experience. unifi TV subscribers will also enjoy VIP access to selected premium episodes, special features, and HD-quality streaming. “By cultivating its core competitiveness through self-produced content, MangoTV has gone through a journey of exclusiveness, uniqueness and originality. MangoTV is also committed to promoting cultural exchanges around the world while unremittingly developing high-quality audio visual content. We hope to deepen communication and exchanges with TM towards establishing substantial strategic cooperation between both sides” said Fang Fei, MangoTV’s Vice President. Starting 1 September, MangoTV will be bundled for free with unifi’s Ruby Plus Pack.SIAR to curate largest archive of Malaysian retro films With more than 150 classic Malaysian films and growing, SIAR is a local streaming service boasting one of the largest local communities of cinema-lovers in the country. Showcasing 12 titles scheduled thematically every month, the channel takes audiences from ages 25 and above back to the nostalgia of yesteryear. Ali Agung, Chief Executive Officer of SIAR said, “With the presence of SIAR on unifi TV, local classic films will be given a new lease on life in line with current technological developments. SIAR is a digital film archive that brings together hundreds of classic Malay films from the 1970s to the 2000s that audiences can enjoy legally. We hope that customers will appreciate local classic films that have entertained their hearts for decades such as Mr Os’ films (e.g Mr Os, Adik and Awang Spanar), AR Badul’s films (e.g Si Badol, Panglima Badol and Guru Badul), Fauziah Ahmad Daud’s films (e.g Ceritaku Ceritamu, Azura and Ali Setan) and many more.” unifi TV subscribers can enjoy this additional channel with unifi TV’s Ultimate Pack and Aneka Plus Pack. The SIAR streaming app will be made available from 1 November. “As the first platform to introduce MangoTV in Malaysia, and with the opportunity to promote SIAR to wider audiences, we are celebrating Asian content and expanding our diversity of offerings. In the coming months, we will continue to grow our partnerships, tapping into more customisable, value-for-money selections that will offer something for everyone,” concluded Anand.
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