Wednesday, 2 May 2012

Opcom clinches RM82 million variation order from Telekom

KUALA LUMPUR (May 2) : OPCOM HOLDINGS BHD [], a fibre-optic cable manufacturer, has secured an RM82 million variation order to an existing RM359 million contract with TELEKOM MALAYSIA BHD [].

In a statement to the exchange, Opcom said it had secured the RM359 million fiber-to-the-home contract from Telekom in April 2009. Opcom had in May 2011 secured a two-year extension for the project till April 19, 2013.

“The variation order is expected to contribute positively towards Opcom's group earnings and net assets for the remaining period of the contract which is expiring on April 19, 2013.

“The risk factors which may affect the variation order include but not limited to ordinary business risks, competition risks, operation risks, economic risks and regulatory risks,” it said.

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