RM26.51mil fibre contract for Opcom


The contract is valued at RM26.51mil and is expected to contribute positively towards the group’s overall earnings and net assets during the period of the contract, Opcom said in a filing with Bursa Malaysia. (File pic shows Opcom fibre optic cable)

PETALING JAYA: Opcom Holdings Bhd’s 70% owned subsidiary Opcom Cables Sdn Bhd has received a contract from Telekom Malaysia Bhd to supply fibre optic cables to the latter from Dec 23, 2021 until Dec 31, 2023.

The contract is valued at RM26.51mil and is expected to contribute positively towards the group’s overall earnings and net assets during the period of the contract.

“Opcom’s board, after having considered all aspects of the agreement, is of the opinion that it is in the best interests of Opcom,” it said in a filing with Bursa Malaysia.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Red alert for global food security
It’s just not enough
Short Position - A shrinking wallet, Chicken and egg, Courier sector woes continue
Farm Fresh juggles cost pressures and expansion
Cypark shares beaten down
Borsig sale to provide lifeline for KNM
Malaysia to sustain growth
PetChem earnings soar on improved product prices
RAM Ratings optimistic on digital bank licences in its rated portfolio
Maybulk's net profit falls to RM8.44mil in 1Q

Others Also Read