KUALA LUMPUR (Jan 31): Theta Edge Bhd has been appointed by the Malaysian Communication and Multimedia Commission (MCMC) as the designated universal service provider for the provision and implementation of Phase 1 Jendela project.

Theta Edge said its wholly-owned unit Theta Telecoms Sdn Bhd has received the notification for appointment on Jan 29.

Theta Edge will oversee the supply, delivery, and installation of tower structures and their ancillaries to provide public cellular services for 221 locations in the “Universal Service Targets” for 14 clusters.

According to a statement from MCMC earlier this month, Phase 1 covers 1,661 locations in 106 clusters nationwide.

For Theta Edge, costs for its portion of the project shall be a maximum of RM154.36 million, inclusive of tax, the company said. It will be implemented across a nine-month period from Jan 29, it added.

Shares of Theta Edge rose seven sen or 8.28% on Monday (Jan 31) ahead of the announcement.

The counter, which has gained 34.56% or 21.5 sen from its recent bottom of 68 sen on Jan 20, settled at 91.5 sen, giving it a market capitalisation of RM97.55 million.