Nera Telecommunications N01 has secured a contract with a leading service provider based in Southeast Asia worth approximately $10 million.
The project, which is expected to commence in January, will see Nera implement infrastructure for the service provider’s digital economy operations. This will include setting up facilities in over 30 sites, installing necessary equipment and other peripherals, carrying out network integration works, testing and commissioning, as well as hiring and deploying skilled staff to help uplift rural communities via digital commerce training to accelerate economic growth.
The contract also includes a five-year managed services component, which covers the day-to-day management, operation and maintenance of the aforementioned equipment, 24/7 support and network performance monitoring.
The contract is not expected to have a significant financial impact on the performance of the company for the FY2024 ending Dec 31.
Shares in Nera Telecommunications closed unchanged at 8 cents on Jan 22.
