Theta Edge wins RM674mil IoT contract

PETALING JAYA: Theta Edge Bhd has secured a 20-year Internet of Things (IoT) contract worth RM673.8mil from the Ampang Jaya Municipal Council.

The company, which made a net loss of RM2.9mil in the first quarter ended March 31, said its subsidiary Theta Telecoms Sdn Bhd has accepted the letter of award to develop, provide and maintain IoT technology for the smart business initiative in Ampang Jaya.