Mesiniaga secures RM1.9b contract from Xiddig

By TMR

Mesiniaga Bhd has bagged a contract worth RM1.9 billion from Xiddig Cellular Communications Sdn Bhd for the commissioning core, metro distribution and access network with related support systems.
 
The multi-platform technology firm will be involved in the Malaysia International Internet Gateway (EM-IIG) project undertaken by Xiddig.
 
The contract is effective from today and ends on Mar 31, 2020, Mesiniaga announced to Bursa Malaysia today.
 
It added that the contract will have a positive effect on earnings per share and gearing, but not on the dividend policy, share capital and the substantial shareholders’ shareholdings.