2021 a milestone first-year of the New TM Transformation
Telekom Malaysia Berhad ("TM" or "the Group") today successfully concluded its 37th Annual General Meeting, with all 13 Ordinary Resolutions and one Special Resolution tabled duly approved by its shareholders.
The Meeting was conducted online for a third consecutive year to allow maximum flexibility for engagement with shareholders. The event saw over 1,000 shareholders attending virtually.
Hosting the proceedings for the first time, Tan Sri Mohammed Azlan Hashim, Chairman of TM's Board of Directors said, "2021 has been a milestone first-year in our New TM Transformation, with the Group setting a solid foundation as a growth-oriented PLC investing for optimum long-term returns for its shareholders, while also continuing its nation-building efforts to realise a truly Digital Malaysia."
Alongside the Board of Directors, key senior leaders including Imri Mokhtar, Managing Director and Group Chief Executive Officer; and Razidan Ghazalli, Group Chief Financial Officer were also in attendance to offer insights into the 2021 Audited Financial Statements and the Group's moving forward business priorities.
"In 2022, we aim to continue growing our operating revenue by strengthening our core business momentum to improve profitability, enabling us to invest for future growth. Our first quarter of 2022 recorded steady revenue growth at RM2.89 billion, an increase of 2.9% from this same period last year, despite heightened competition. We also ramped up our transformation initiatives and delivered profit after tax and non-controlling interests (PATAMI) at RM339.9 million, or 4.4% higher. We will continue to optimise cost and improve productivity in our effort to raise EBIT to more than RM1.8 billion," Imri explained.
He added: "We are intensifying our efforts in the remaining seven months to deliver the next chapter of our Transformation. We will look at a total CAPEX spend between 14-18 per cent of revenue, with spending primarily focused on network expansion and modernisation together with enhancing customer experience."
unifi will continue to maintain its leadership in fixed broadband and enhance its Fixed-Mobile Convergence (FMC) proposition, enriched with TV and streaming content. This reflects its commitment to improve its FMC customer experience with better and seamless service. unifi will also grow its SME digital platform as a one-stop service centre for solutions catering especially to SMEs nationwide.
TM Wholesale will continue to enable industry broadband and 4G network via its fibre infrastructure, with the ongoing 5G rollout further strengthening that role. On the international front, it will further serve other OTTs and hyperscalers with connectivity and data centres, moving towards establishing Malaysia as a digital hub for ASEAN via new submarine cables, enhanced data centre solutions, and edge computing.
TM One, as the sole home-based cloud service provider will also offer end-to-end managed services with robust connectivity and infrastructure. In addition to ensuring data sovereignty and security for the MyGovCloud initiative, TM One will be ramping up its data centres to support the nation's Cloud First agenda.
Recognising that the future is digital, TM has also invested in strengthening its digital services through Credence, a new arm that will focus on expanding the capabilities of enterprises in their digital transformation journey. Helmed by senior leaders from the technology sector, this new business will serve existing TM customers as an end-to-end Cloud and Services solution partner, offering services from tech infrastructure to business insights, IT landscape migration, SaaS, managed services as well as analytics.
While improving connectivity and digitisation solutions to enable a better Malaysia, the human factor remains the true centre of TM's growth agenda.
Imri concluded: "Our aspiration is to evolve towards becoming a human-centred technology company. From our beginnings as just a fixed telco, we are now a converged telco providing voice, internet and data through both fixed and mobile technology, which further delivers content, data centre and cloud services. The next step is to evolve from delivering converged connectivity into a human-centred technology company – delivering lifestyle and business solutions for our customers with innovative digital technology and applications.
"In a market where telcos and other digital players now have a play in almost every solution, customer experience will be the true differentiator in attracting and retaining customers."
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TM ONE & SIRIM ACADEMY PARTNERSHIP BOOSTS CYBERSECURITY AND AI GOVERNANCE IN MALAYSIA
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unifi TV service disruption nationwide, service estimated to resume later this evening
At approximately 9:50pm on 3 January 2022, unifi TV services experienced service disruption nationwide due to impact to the power system triggered by a fire that affected the “Uninterruptible Power Supply” (UPS) equipment at TM IT Complex in Cyberjaya. The Fire and Rescue Department of Malaysia (Bomba) took control of the situation to extinguish the fire and ensure the safety of the premises. We have received the necessary building assessment and clearance from Bomba at 4.00am. The building block was not in full operation at the time, with only a small number of employees on site. There have been no reports of injuries. The cause of the fire is unknown at this stage and TM will fully cooperate with any investigation as required by authorities. An immediate announcement has been released on TM’s social media channels to notify our affected customers and we have since ramped up our customer service engagements to attend to calls and enquiries. This incident has caused unifi TV service interruptions affecting close to 300,000 of our unifi TV viewers. Other TM and unifi services are not affected. We are working tirelessly with our contractors and engineering teams to ensure that services are being restored gradually, with power restoration expected to be completed by 12 noon today. unifi TV is estimated to resume its services by 3.00pm today. However, TMpoint Cyberjaya will remain closed temporarily due to low power supply. We apologise for any inconvenience this may have caused our customers, and will continue to prioritise the safety and well-being of our employees and contractors during this restoration process. More regular updates are available on TM’s social media channels, or visit our website at https://unifi.com.my/unifi-alerts for updates.
TM to accelerate fibre deployment in Sabah, targeting 58% state coverage by 2025
Building on its commitment to support the Sabah Maju Jaya aspiration, TM will accelerate its fibre deployment, targeting a minimum of 145,000 premises to be connected in the next three (3) years from 2022 – 2025, achieving 58% of fibre coverage in the state. These targets, along with other matters, were shared during an engagement initiative by TM’s leadership with the Chief Minister of Sabah, YAB Datuk Seri Panglima Haji Hajiji Haji Noor today, in an effort to foster a stronger relationship with the state government and various stakeholder groups in Sabah. The delegation, led by Imri Mokhtar, Group Chief Executive Officer, TM shared updates on TM’s activities in the state as part of its effort to bring seamless connectivity and digital solutions to the population, business community, industry and the public sector. TM has invested more than RM1.1 billion in CAPEX in Sabah since 2012 towards improving connectivity and fiberisation in the state. With a total of 32,000km fibre optic cables statewide, TM has connected close to 282,000 premises in Sabah, in addition to the rollout of 59 fibre connectivity sites at schools in the state which serve as Points Of Presence (POPs). Cumulatively, TM has deployed over 600,000km fibre optic cables nationwide, and will continue to expand in line with the implementation of JENDELA. Also shared during the visit were TM’s various initiatives to improve browsing experience of customers in Sabah. To enable faster content downloading and reduced latency, TM deployed the TM internet exchange (TMiX) nodes locally in Kota Kinabalu and Penampang as well as upcoming ones in Inanam, Kinarut, Menggatal and Putatan, expected to be ready by December 2022. The company will also enable content localisation, where OTT players can place their content servers in Penampang, establish a Content Delivery Network (CDN) node and implement an International Gateway (IGW) in the district by Q1 2023. “As a human-centred technology company, TM is ready to play the role of a strategic partner in realising Sabah’s digital agenda in multiple ways, including developing competitive and competent digital talents for Sabah’s Digital Economy through scholarships, education collaboration with MMU as well as job opportunities,” said Imri. TM is also ready to collaborate and offer comprehensive custom digital solutions to Sabah’s public sector and business community, with Digital Government, Digital Marketplace, unifi Business Club as well as its comprehensive Cloud, Data Centre and Cybersecurity offerings, in addition to its suite of Smart City solutions.