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Question: How did Viom turn itself around between 2012 and 2015?

11 Oct 2022,6:16 PM

 

  1. How did Viom turn itself around between 2012 and 2015?

 

  1. What leadership challenges did the company face during the phases of decline and turnaround?

 

       3. What role did leadership play in Viom's transformation?

 

       4. How was the company culture framed to facilitate transformation? How did Viom's new leadership initiate the change?

 

       5. How will the newly merged company enable growth ahead of the industry in years to come?

Expert answer

 

From 2012 to 2015, Viom turned itself around by selling its telecom towers in India and Indonesia, and using the proceeds to pay down debt. Additionally, the company reduced costs by shutting down non-core businesses and renegotiating contracts with suppliers. As a result of these changes, Viom's profitability improved and its stock price increased.

 

 

Today, Viom is a leading provider of integrated telecommunications services in Singapore. The company offers a wide range of services, including mobile voice and data, fixed line voice and data, broadband, and pay TV. Viom has a strong presence in the Singapore market, with over 4 million subscribers. The company's main competitors are StarHub, M1, and Singtel. Viom is majority-owned by Tata Sons, one of India's largest conglomerates.

 

Looking to the future, Viom is focused on expanding its business in Southeast Asia. The company is investing in new technologies such as 5G and fiber optics to provide faster and more reliable service to its customers. Additionally, Viom is working to expand its retail reach by partnering with major retailers in the region. Viom is well-positioned to continue its growth in the years ahead.

 

Thanks for choosing Viom as your telecom partner! We appreciate your business and look forward to serving you in the future.

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