TM Businesses to Consolidate Into TM Tech by end 2023
By Digital News Asia December 16, 2022
- Existing senior management team and talent to remain the same
- Telekom Malaysia will now serve as an investment holding company
Telekom Malaysia Bhd announced on 14 Dec it will transfer its business in Malaysia to a single operating entity named TM Technology Services Sdn Bhd (TM Tech) by 31 December 2023.
The internal reorganisation includes Unifi, TM One and TM Wholesale, among others. The move marks the next phase of TM’s transformation to further improve its operational efficiencies, streamline processes, and simplify customer touchpoints.
“Consolidating these businesses into one operating entity will allow us to serve our diverse customer segments better and deliver their needs more quickly,” said Group CEO, Imri Mokhtar (pic).
“Furthermore, this reorganisation aligns us to industry best practices and will improve TM’s competitive edge among Malaysian and international Telcos and digital players, as we continue to pursue our aspiration of becoming a leading human-centred TechCo,” he added
TM Tech will be led by TM’s existing senior management team and talent under a single company.
“Our Warga TM will remain the execution engine for TM and the country’s digital transformation. While our workforce will be realigned to this single operating entity, employee functions, entitlements and benefits will remain unchanged,” Imri explained.
Similarly, all of TM’s partnerships, vendors, and service agreements will remain in effect.
Under TM Tech, consumers will continue to have access to all-in-one connectivity and digital content while enterprises and the public sector will also benefit from TM’s cloud and data centres, cybersecurity, and smart industry offerings.
The operating entity will also continue to champion TM’s nation-building efforts in expanding and modernising the country’s fibre network, data centres and submarine cable systems.
Telekom Malaysia Bhd will now serve as an investment holding company for this operating entity, with all other subsidiaries within the Group to remain status quo.
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