CEO Morning Brief

REDtone Digital Bags RM398m Contract From Mampu

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Publish date: Wed, 07 Feb 2024, 11:50 AM
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TheEdge CEO Morning Brief
 

KUALA LUMPUR (Feb 6): REDtone Digital Bhd has bagged a RM398.1 million contract from the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) to provide unified communications solutions.

In a filing with Bursa Malaysia on Tuesday, REDtone said the MyGovUC 3.0 contract was awarded to its wholly owned subsidiary REDtone Engineering & Network Services Sdn Bhd for a period of 60 months, commencing on Feb 1.

"The contract covers the government’s unified communications including electronic mail system, calendar system, audio & video conferencing, chat and chat spaces, directory management, as well as change management, including user training, software support, security operation centre, network operation centre and helpdesk covering information security management," it added.

REDtone said the contract will not have any effect on the group's issued share capital and substantial shareholders’ shareholdings. The contract is expected to contribute positively to the future earnings of REDtone Group.

REDtone shares closed up 4.5 sen or 5.08% at 93 sen on Tuesday, with 5.17 million shares traded. Its market capitalisation stood at RM727.7 million. The stock has risen 27.4% so far this year and 75.47% over the last one year.

Source: TheEdge - 7 Feb 2024

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