Regional communications network specialist and systems integrator Ntegrator International has won two contracts from a telecommunications network service provider in the region worth a total of $2.43 million.
One of the contracts involves the supply, installation and maintenance services for fibre and copper cables for a nationwide project in the region.
The other project requires Ntegrator to install pipes, construct manholes, as well as maintain pipelines and manholes.
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Both contracts have commenced in June and will span 18 months.
The wins follow a previous contract win in February worth $6.1 million from a repeat customer.
They are expected to contribute positively to the group’s financial performance in the year ending Dec 31.
“With the recent rise of divestment of infrastructure assets in the telecommunication industry in the region, we are optimistic that there will be a surge in demand for the upgrading and maintenance of these assets as owners seek to window-dress these assets to maximise their valuation for eventual sale. As Vietnam aims to expedite its 5G adoption and Myanmar pushes towards a digital economy, Ntegrator stands prime to seize these opportunities to build up our order book,” says Christian Kwok-Leun Yau Heilesen, executive director of Ntegrator.
“These contracts bear testament of our customers’ unwavering trust and confidence in us and our track record. We shall continue to pursue opportunities in Singapore, Vietnam, Myanmar and beyond by leveraging on our established working relationships with our customers and our business partners in the region," adds Jimmy Chang, managing director of Ntegrator.
Shares in Ntegrator closed 0.1 cent lower or 6.7% down at 1.4 cents on June 14.
Photo: Stock photo
