Thursday, 26 April 2012

Privasia edges up on Malacca fibre optic contract

KUALA LUMPUR (April 25): Privasia TECHNOLOGY [] Bhd shares edged up on Thursday after its subsidiary Privanet Sdn Bhd (Privanet) secured a contract worth RM12.8 million from the Malacca state government to install and maintain fibre optic network in that state.

At 9.15am, Privasia added one sen to 10.5 sen with 370,000 shares traded.

In a statement Wednesday, the company said Privanet had received a letter of tender acceptance from the Malacca state government to install a complete fibre optic network in the state by the third quarter of 2012.

Privasia said the project was awarded by Melaka ICT Holdings Sdn Bhd (MICTH), a state-owned enterprise that provides ICT services, solutions and products to assist the state government in empowering Malacca as a key centre of excellence in the ICT sector.

The project is expected to be completed by September 2012, it said.

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