REDtone bags RM88.57m MCMC job

PETALING JAYA: REDtone International Bhd's subsidiary, REDtone Marketing Sdn Bhd (RMSB) has been awarded a RM88.57 million job by Malaysian Communications and Multimedia Commission (MCMC) to build, operate and maintain radio access network (RAN) infrastructure in rural areas in Sarawak and Johor.
The job is part of MCMC's RAN Sharing Time 3 Phase 3 program aimed at further providing voice and data connectivity in rural areas of the country.
RMSB is responsible for completing the job within 35 days after notification from the designated universal service providers that the tower and its associated site/facilities are ready for RMSB to commence construction works on the RAN infrastructure.
It will work with at least three specific public cellular network providers to enable them to offer cellular services to their customers, as well as provide maintenance and operation support services for three years after completion of the job.
The contract is part of the group's expansion plan and to accelerate creation of critical mass of its network in Sarawak & Johor, thus significantly reducing its existing network cost.
"With the reduction of cost, it is expected to contribute positively to the financial performance of REDtone group in the future," it said in a filing with Bursa Malaysia yesterday.