Digilife Technologies (SGX:BAI) subsidiary Selular Media Infotama renewed its distribution agreements with Telekomunikasi Selular (Telkomsel) (IDK:TLKM), an Indonesian telecom operator, according to a Thursday filing on the Singapore Exchange.
Following Telkomsel's restructuring, Selular Media Infotama will operate in five of the seven territories it previously served.
This change may reduce the group's overall revenue and profitability for the fiscal year ending Dec. 31, 2024, as the lost territories contributed about 10% of revenue in 2023.
However, the revenue decline will coincide with a reduction in associated costs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments