Silver Ridge Secures an RM20.64 Million Contract With Telekom Malaysia

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Silver Ridge Holdings Bhd, which provides management services, has secured an RM20.64 million contract with Telekom Malaysia to deliver metro ethernet forum carrier ethernet 2.0 compliant network interface devices (NIDs), as well as associated accessories and an element management system.

The business stated in a bourse filing that the contract, which it acquired through its wholly-owned Silver Ridge Sdn Bhd, also includes testing, commissioning, maintenance, and support services for the same, and is valid for 36 months, beginning May 4, 2021 and ending May 3, 2024.

Silver Ridge’s shares closed half a sen or 2.44 percent higher at 21 sen a share on Monday, valuing the company at RM34.79 million.

Published by Zack Baharum

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