Mestron Holdings bags RM13mil new orders for telco segment

NST Wed, Sep 07, 2022 10:34am - 1 year View Original


KUALA LUMPUR: Mestron Holdings Bhd has bagged another RM13 million in orders from the telecommunication (telco) segment, following the order of RM17.5 million that the company secured from the national digital infrastructure plan, Jalinan Digital Negara (JENDELA), back in June this year.

The orders secured were under the Digital Nasional Bhd (DNB) and Universal Service Provision (USP) projects.

Managing Director Por Teong Eng said the orders secured reflected the company's commitment and track record in the telco sector.

"With the government's commitment to pushing forward with its agenda to improve connectivity across the nation and going beyond the JENDELA initiatives, both the projects promise extensive growth opportunities for the company," he said in a statement.

He said this is in line with the active rollout of 5G deployments that are gradually gaining momentum as Mestron generates its revenue mainly from the sales of its standard poles and speciality poles within the telco segment.

Mestron has a total order book of RM53 million year-to-date.

"It has been a busy year for us as different telco infrastructure players have awarded us various contracts.

"The company's track record in the industry is solid, and we are confident that we will benefit from the increase in telco infrastructure projects rollout in the near-term," he said.

He added that the newly-secured projects are expected to be completed within the next six months and contribute positively to the company's revenue in the near term.

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