PETALING JAYA: Dagang Nexchange Bhd (DNeX), through a consortium formed between its 49% owned subsidiary PT DNeX Telco Indonesia (PT DTI) and PT Samudera Mbiantu Sesami (PT SMS), has signed an agreement worth RM63mil with PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra) to supply installation and maintenance support services of submarine cable communications system via CS DNeX Pacific Link vessel.
In a filing with Bursa Malaysia yesterday, DNeX said under the agreement, the consortium led by the company will provide the services to TelkomInfra for a duration of three years with an option to extend for a further three years.
“TelkomInfra will pay a standby charge of 213 billion rupiah (RM63mil) over the initial three-year period, excluding daily rates applied to depending on the work scope, ” it said. It is worth noting that the consortium agreement was signed between PT DTI, PT SMS and TelkomInfra on Jan 25 this year.
DNeX via PT DTI provides end-to-end subsea and marine engineering services for all types of submarine cables through its submarine cable laying and repair asset CS DNeX Pacific Link. Shares in DNex closed 11 sen or 16.67% higher to 77 sen yesterday.