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.

The second contract, also worth US$1.4mil, is for the repair works on the Indonesia Global Gateway Segment 13 off Palu, Makassar and Segment 15 off Manado, Indonesia.

In statement today, DNeX said both projects were expected to be completed within 29 days based on the approved plan of work, with an option for extension of up to 35 days.

Executive deputy chairman Datuk Samsul Husin said the two projects were proof of the group's encouraging progress in its new line of business.

In August this year, the company bagged its maiden fibre optic cable repair project - a marine fibre optic cable installation sub-contract for Telkom Infra in Indonesia worth US$6.3mil.

The project was awarded by Pt Bina Nusantara Perkasa, the consortium company that serves as the main contractor of the project.

Under the project, DNeX is responsible for the design, construction and installation of about 700 kilometres of fibre optic for two lines, Matanusa and SMPCS Patara, as part of the Indonesia Global Gateway Cable System.

DNeX will be working with Japan's Kokusai Cable Ship Co Ltd in the project.  -- Bernama

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