Mesiniaga wins RM1.9bil Xiddig Cellular contract
PETALING JAYA: Mesiniaga Bhd has secured a RM1.9bil contract from Xiddig Cellular Communications Sdn Bhd for the commissioning of the core, metro distribution and access network for the Malaysia International Internet Gateway (EM-IIG) project.
In a filing with Bursa Malaysia yesterday, Mesiniaga said the contract will be effective immediately and end on March 31, 2020.
“The proposed transaction is expected to contribute positively to the company’s earnings and net assets over the contract period,” it said.
Mesiniaga said the risks relate mainly to meeting deadlines imposed by the customer and meeting the terms of the service level commitments.
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