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
Add BT as a preferred source
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
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
