Omesti Berhad which predominantly is involved in software solutions received accepted a Letter of Award from Telekom Malaysia Berhad RM20 million.
The agreement is for the Design, Development, Customization, Configuration, Delivery, Installation, Integration, Testing, Commissioning & Knowledge Transfer for Mobile Services Business Support System to Ensure Mobile Services Continuity (Including 5G and Other Mobile-Related Services), Maintenance, and Support Services and Provision of Software Subscription for a period of one year, commencing on 23 September 2022 to 22 September 2023.
The group added the TM Contract is subject to a formal contract to be entered into between TM and Omesti.
The LOA will have no effect on the issued share capital and substantial shareholders’ shareholdings of the Company. The LOA is expected to contribute positively to the revenue, earnings per share and net assets per share of Omesti Group and is not expected to have a material effect on the gearing of Omesti Group for the financial year ending 31 March 2023 onwards until the expiry of the TM Contract.
