DNex secures marine fibre optic cable repair contracts

Barring any unforeseen circumstances, DNeX said it expects to deliver positive results for 2018. The group will continue to build its business by exploring opportunities that leverage on building blocks of its existing IT and e-services and energy businesses, while focusing on the implementation of planned new initiatives.

KUALA LUMPUR: Dagang Nexchange Bhd's (DNeX) indirect 51%-owned subsidiary, DNeX Telco Services Sdn Bhd, has secured two marine fibre optic cable repair contracts worth US$2.8mil from PT Bina Nusantara Perkasa.

The first contract, worth US$1.4mil, is for the repair works on the SEA-US Cable System in Davao, the Philippines.