StarHub Ltd (SGX: CC3) had a bold vision when it launched its DARE 1.0 transformation program back in October 2018.
The plan is centred around cost savings in a variety of areas and to reduce recurring operating expenditure levels.
Three years later, that program has been a success.
Ending just last month, DARE 1.0 delivered total cost savings of S$270 million, exceeding the group’s target of S$210 million, while also reducing the telco’s operating expenditure level by 15%.
The conclusion of DARE 1.0 sets up the next iteration of StarHub future plans.
StarHub’s management, including its CEO Nikhil Eapen, has unveiled the next iteration of this transformation plan called DARE+ at this year’s Investor Day.
This new plan has equally bold five-year targets and looks set to prepare the telco for its next stage of evolution.
Here are five interesting highlights from this newly-unveiled plan.
1. Bold financial targets...