KUALA LUMPUR (Jan 16): Silver Ridge Holdings Bhd has bagged two contracts from Telekom Malaysia Bhd (TM) with a combined value of RM5.7 million to provide maintenance and support services for Huawei.
The group said its wholly-owned subsidiary Silver Ridge Sdn Bhd accepted the letters of award from TM on Jan 15.
The first contract, valued at RM2.58 million, is for the provision of consolidated comprehensive maintenance and support services for the Huawei digital subscriber access line multiplexer and its management system.
The two-year contract ends on Dec 31, 2020, with an option to extend by one year.
The second contract, valued at RM3.11 million, is to provide consolidated comprehensive maintenance and support services for the Huawei multi-service access node equipment on behalf of TM.
This contract is for three years until Dec 31, 2021.
Shares of Silver Ridge closed unchanged at 25 sen today, for a market capitalisation of RM34.09 million.