State-Owned Enterprise Reduces Network Investment and Equipment Purchases National Telecom (NT), a state-owned telecom enterprise, has taken a significant step to ease its financial burden by slashing its investment budget for 2024 operations by 1 billion baht. The reduction in expenditure will primarily come from the network investment and equipment purchases budget. Despite this cut, NT has reassured its customers that the quality of its services will remain uncompromised.
Early Retirement Program and Cost-Effectiveness Measures
In an effort to further reduce its expenses, NT's board has approved a 6.6-billion-baht budget for an early retirement program that will affect 2,800 employees over the next three years. This strategic move is part of the company's broader focus on costeffectiveness and eliminating unnecessary expenditure. Furthermore, NT aims to create new revenue streams through business partnerships and spectrum range agreements.
A Vision for the Future: Telecom Assets and Spectrum Range
Looking ahead, NT plans to streamline its operations and hold only its telecom assets after 2025. The company will operate on some spectrum ranges obtained from the licence auction in February 2020. Recently, NT has signed a contract worth 670 million baht with Dhanarak Asset Development to upgrade and install network and WiFi infrastructure in government buildings. This partnership demonstrates NT's commitment to innovation and collaboration in the ever-evolving telecom landscape.
As the industry faces challenges and changes, the recent cuts announced by BCE Inc., the parent company of Bell Media, serve as a reminder of the need for adaptability and strategic decision-making. NT's proactive approach to managing its finances and focusing on cost-effective measures positions the company well for the future.
In a world where technological advancements and consumer demands constantly reshape the telecom sector, National Telecom's strategic moves underscore the importance of agility and forward-thinking leadership. The reduction in the investment budget, implementation of an early retirement program, and emphasis on new revenue streams all contribute to the company's mission to remain competitive and financially stable.
As NT continues to navigate the complexities of the telecom industry, the decisions made today will undoubtedly influence the company's trajectory in the years to come. By prioritizing cost-effectiveness and innovation, National Telecom is not only easing its current financial burden but also setting the stage for a successful and sustainable future.
Key Points:
⚫ National Telecom (NT) has reduced its investment budget for 2024 operations by 1 billion baht.
⚫ Service quality will not be affected by the cut, which targets network investment and equipment purchases.
⚫ NT has approved a 6.6-billion-baht budget for an early retirement program affecting 2,800 employees over three years.
⚫ The company aims to create new revenue streams through business partnerships and spectrum range agreements.
⚫ After 2025, NT will hold only its telecom assets and operate on some spectrum ranges obtained from the February 2020 licence auction.
By making these strategic moves, National Telecom is demonstrating its commitment to financial stability and innovation in the rapidly evolving telecom landscape.
