NeraTel secures contract renewal worth $17.6 mil

The contract is expected to contribute to NeraTel’s financial performance from the FY2024 onwards.

Nera Telecommunications (NeraTel) announced, on June 27, that it has secured a contract renewal for managed services worth about $17.6 million.

The contract, which was signed with a service provider in Singapore, will cover three more years beginning from July this year. During this time, NeraTel will continue to provide its customer with managed services including the management, maintenance and performance reporting of relevant equipment and software. It will also provide round-the-clock support to ensure that its service level guarantees are met.

The contract is expected to contribute to NeraTel’s financial performance from the FY2024 ending Dec 31 onwards.

As at 9.17am, shares in NeraTel are trading flat at 8 cents.

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