StarHub on the cusp of reaping season
Telco will be decommissioning costly legacy systems, starting in the middle of this year, and is also working on wrapping up its cloud transformation
Wong Pei Ting
BEFORE the end of his first year at the helm of StarHub, Nikhil Eapen did the unthinkable.
Eapen became the chief executive of StarHub on Jan 1, 2021. And Singapore’s second-biggest telco looked on track to wrap the year with decent revenue growth, good earnings before interest, taxes, depreciation and amortisation (Ebitda) expansion, and strong free cash flow.
But, in November 2021, he went to the market to announce an audacious multi-year plan that was going to cost S$270 million and diminish its service Ebitda margin from 30 per cent to around 20 per cent in the coming years.
TRENDING NOW
Three ex-employees of Envy group join Ng Yu Zhi in bankruptcy
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Incidence of civil servants buying property near unannounced MRT stations ‘a concern’, but may not establish misconduct: PSD
