Monday, September 28, 2015

CMC Infocomm wins $4 mil worth of contracts from local telcos

CMC Infocomm, the integrated communication solutions and services provider, won two contracts worth $4 million from local telcos to upgrade their existing infrastructure.

Under the contracts, CMC Infocomm will carry out works involving in-building coverage (IBC) and network migration in various commercial buildings in Singapore.

These are Bukit Panjang Plaza, Wisma Atria, Far East Plaza, Sim Lim Square, Novena Square and City Plaza.

To date, CMC Infocomm's outstanding order book stands at $21 million.

The group expects to deliver a substantial portion of the order book within the next 18 months.

Meanwhile, the new orders are expected to contribute positively to group’s financial performance in FY16 ending March.

CMC last closed at 16.4 cents.

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