TIME dotCom set for corporate restructure, targets 18% revenue growth for 2009

Malaysian telco TIME dotCom (TdC) expects to see revenue from sales climb 18% over the next twelve months as it looks to implement a corporate restructuring plan. According to Malaysia’s Business Times, TdC is aiming to concentrate efforts on its data services to the corporate, enterprise and government business sectors. TdC CEO Afzal Abdul Rahim said, ‘The new focus will allow us to optimise our existing infrastructure, which has been inefficiently deployed over the years, while taking advantage of the many opportunities currently available in the market place’. The corporate restructuring plan is also expected to include cost-cutting measures, including a freeze on new employees, as well as a review of existing contracts with network vendors. The operator expects to save more than MYR3.5 million (USD975,000) per year as a result of the changes.