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GCC telecom firms must cut costs, says report
- Middle East: Thursday, September 02 - 2010 at 11:06
GCC telecom operators, which are under pressure due to market saturation and increased competition, must implement more aggressive cost-cutting measures to achieve their full potential, Boston Consulting Group said in a new report. "Telecommunications is still one of the most inefficient industries, with as much as 30% of its cost basis eaten up by waste. This waste is difficult to see because it is embedded in telecom processes," Joerg Hildebrandt, partner and managing director at BCG Middle East said. Traditional cost-cutting approaches will not be able to capture the enormous potential savings, as the measures are not bold enough to meet current challenges because they exempt sacred cows and most importantly, they aim to cure the symptoms rather than address the root causes of waste, the report noted.
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StaffThursday, September 02 - 2010 at 11:06 UAE local time (GMT+4)
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