Omesti bags RM95.59m job from Telekom Malaysia

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KUALA LUMPUR (April 9): Omesti Bhd has bagged a contract worth RM95.59 million from Telekom Malaysia Bhd (TM) to build a new business support systems (BSS) platform.

BSS are the components that a telecommunications service provider uses to run its business operations towards customers.

The two-year contract will start two weeks from the end of the Movement Control Order currently in force across Malaysia, said Omesti in a filing with Bursa Malaysia

It said the renewal of the application software subscription for years three, four and five will be at an estimated price of RM104.99 million, subject to the TM management’s approval.

Omesti said the contract is expected to contribute positively to the group’s revenue, earnings per share and net assets per share and is not expected to have a material effect on its gearing for the financial year ending March 31, 2021 onwards, until the expiry of the contract.

In a separate statement, Omesti said the BSS platform is set to drive innovation and transform the telco provider’s interaction with its internal and external users. 

“This is a major milestone achievement for the Omesti Group. We view this as a long-term innovation partnership with this major client and look forward to enabling this cutting-edge solution for Malaysia’s national telco,” said its executive director Chia Yong Wei.

“This BSS technology also holds significant potential for achieving optimum efficiency and cost-savings in a range of sectors beyond telecommunications, as more industries embrace IoT, cloud services and multiple device applications,” Chia added.

The BSS platform supports 5G, a major enabler for digital transformation and the full implementation of smart, inter-connected solutions.

Omesti said the new platform will deploy Huawei Technologies’ BSS technology for the roll-out of a state-of-the-art integrated Customer Relationship Management and Billing Systems architecture.

Omesti was recently confirmed as the authorised system integration partner by Huawei Technologies and has also been authorised as a reseller of Huawei software, giving access to the technology giant’s extensive portfolio of cloud and IoT solutions. 

Omesti’s share price closed 8.5 sen or 18.28% higher at 55 sen today, valuing the group at RM291.96 million. Some 20.16 million shares were traded.

Over the past year, the counter has surged by 41%. At its peak, prior to the global equity rout, Omesti was traded at 68.5 sen on Feb 26.