Opcom to supply fibre cables to TM for RM21.37m

Opcom to supply fibre cables to TM for RM21.37m
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KUALA LUMPUR (July 23): Opcom Holdings Bhd has accepted a contract worth RM21.37 million from Telekom Malaysia Bhd to supply optical fibre cables.

Opcom said it is a supplementary agreement accepted by its subsidiary Opcom Cables Sdn Bhd, and covers the Aug 1, 2020 to May 20, 2022 period.

“The award is expected to contribute positively towards Opcom group's earnings and net assets for the period of the award,” it said in a filing today.

Shares of Opcom ended two sen or 3.75% lower at 39 sen today, for a market capitalisation of RM62.08 million.