RE:RE:A well written perspective The righting of the ship is:
Reduce Opex:
1] close the loss invoking source retail footprint
2) Sell off the low revenue small market media outposts
3) Consolidate talent spend in media have reporters and personalities cover more things to optimize productivity
4) Take the heat and layoff other people who don't fit in the leaner organizational structure
Reduce CapEx:
1) the CapEx acceleration from the Covid period of low rates is winding down
2) cautious with low impact deployments of fiber to the smallest communities as the revenue return is often a loss leader
3) focus new moneys spent into the most profitable portions of the business that are synergistic to core products as we see with the quickly growing business services division and the call center ai partnership with google
Manage the balance sheet
1) Convert non core assets that had unrealized gain into cash
2) Use that cash to pay down the good chunk of the debt coming due in the short term
they litterly were given a set of requirements from the credit agencies who first raised alarms on the capex impacts to leverage ratios and you see from above the have acted on it.
10% work force reduction
6B sale of assets at a premium
reduce the number of loss leading arms of the business
The company has 24B in revenue there is a significantly large amount of income that if cost optimized as they are proceeding with can easily sustain the shareholder returns.
What the Board and Mirko have done in this short period of time has been really encouraging and forward thinking.