While telecoms companies are working to meet evolving short-term needs, it is vital they initiate their future responses. We suggest a holistic response that tackles the immediate threats, prepares robustly for the near-term rebound, and embeds structural enhancements to improve resilience in the medium term.
SINGAPORE (Apr 16): The impact of Covid-19 has rocked economies across the world, resulting in breathtaking stock market volatilities and creating remarkable challenges for societies. Amid this global uncertainty, one constant has been our need to remain connected. Telecoms companies are positioned to ensure that need is met. But it is important they adopt the right strategy to ensure their own continuity in the period to follow.
Growth in remote working, increased data usage, and demands for home office products have shown telecoms’ key role in the global response. While this positions it among a lucky few growth industries, it is not without its challenges.
