Nera Telecommunications has won a $13.7 million contract that is expected to “have a significant impact” on its current year’s earnings.
The contract, according to the company, is for the provision of support services to a local telco for two years.
“The company has a long-term relationship with the telecommunications operator spanning many projects over the years,” the company adds.
Nera Telecommunications shares closed on Aug 3 at 8.4 cents, down 1.18% for the day and down 35.38% year to date.
