Divfex secures TM contract worth RM71.8 mil

KUALA LUMPUR (Oct 27): Divfex Bhd’s wholly-owned subsidiary Diversified Gateway Bhd has clinched a RM71.82 million contract from Telekom Malaysia Bhd (TM).

The information and communications technology solutions provider said under the agreement, it will plan, design, install, test, commission, maintain and provide support services for TM’s dense wavelength division multiplexing (DWDM).

The contract, spanning nearly 17 years, runs from Aug 1, 2022, until March 15, 2039, it said in a filing with Bursa Malaysia on Thursday.

“The letter of award is expected to contribute positively to the revenue, earnings and net assets of Divfex group for the financial year ending June 30, 2023,” Divfex said.

Original article