Divfex set to win TM’s RM72m contract

The contract is subject to a formal agreement to be entered both parties

TECHNOLOGY solutions provider Divfex Bhd’s unit has accepted a letter of award from Telekom Malaysia Bhd (TM) for a dense wavelength division multiplexing (DWDM) contract worth RM71.82 million for a 17-year period.

In an exchange filing, the company said the agreement is to plan, design, supply, delivery, installation, testing, commissioning, maintenance and support services of DWDM from Aug 1, 2022, to March 15, 2039.

The contract is subject to a formal agreement between TM and Divfex’s wholly-owned subsidiary Dversified Gateway Bhd within three months.

Divfex deploys a range of tele/data communications solutions, media advertising and vending solutions, and food technology solutions.

Divfex stock closed yesterday’s trading at 7.5 sen, giving it a market capitalisation of RM56 million.

Original article