Mesiniaga inks RM59.6m deal with Telekom Malaysia

Mesiniaga inks RM59.6m deal with Telekom Malaysia
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KUALA LUMPUR (May 10): Mesiniaga Bhd has bagged a contract worth RM59.63 million from Telekom Malaysia Bhd (TM) to provide maintenance and support services for telecommunication cloud core data centre.

In a bourse filing on Tuesday (May 10), Mesiniaga said the contract period is from April 1 this year to Nov 16, 2024. There is no automatic renewal clause in the contract.

Mesiniaga said the contract is expected to contribute positively to the group's earnings from the financial year ending Dec 31, 2022 until the expiry of the contract.

Mesiniaga shares were untraded so far on Tuesday. They last closed at RM1.50 per share, bringing it a market capitalisation of RM90.6 million.