Tuesday, January 3, 2012

Maxbiz gets letter of intent for FTTX infrastructure works worth RM510m

KUALA LUMPUR (Jan 3): MAXBIZ CORPORATION BHD [] has received a letter of intent (LOI) in respect of a fibre-to-the-home and fibre-to-the-office (FTTX) contract worth RM510 million.

The company said on Tuesday that it had received the LOI from Fiber-N Sdn Bhd on Dec 30, 2011 for the infrastructure works for 100,000 FTTX connections on high rise residential and office buildings in Klang Valley, Penang and Johor Bahru.

Meanwhile, the company also said its unit Dutamas SME had received a letter of award for infrastructure works for a project in Ipoh worth RM4.94 million from Harta Mesra Development Sdn Bhd.

It said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2012.

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