Starhub CEO eyes cheaper network
The telco might go for a commercial agreement by 2019 or earlier.
Just weeks after the telco firm announced that it would retrench 12% of its manpower, Starhub CEO is looking to cut down costs even more through sharing infrastructures, Bloomberg reported.
“We’re talking to a lot of people,” Kaliaropoulos said. “When an industry hits maturity, you need to start sharing facilities.”
Starhub may opt to go for a commercial agreement by 2019 or earlier, the CEO noted. He thinks that financial benefits could be reaped by the end of 2019.
“The next couple of years is to focus predominantly in Singapore, and be a very strong, clear challenger, a clear No. 2, and once we weather the storm, we do look at other opportunities,” he said.
Kaliaropoulos also needs to bring back support from investors as their shares were down 52% since July 2015, slashing $3.6b from Starhub’s market value.
Here’s more from Bloomberg.
Photo from Starhub.