Vincent Tan’s REDtone bags RM400mil govt contract


PETALING JAYA: Billionaire tycoon Tan Sri Vincent Tan’s Redtone Digital Bhd has bagged a communications services contract worth RM398.1mil from the government.

REDtone announced that its subsidiary Redtone Engineering & Network Services Sdn Bhd received the 60-month MyGovUC 3.0 contract from the Malaysian Administrative Modernisation and Management Planning Unit (Mampu).

“The contract covers the government’s unified communications including electronic mail system; calendar system; audio and video conferencing; chat and chat spaces; directory management as well as change management including user training; software support; security operation centre; network operation centre and helpdesk covering information security management,” it said in a filing with Bursa Malaysia.

The letter of award was received yesterday, with commencement date on Feb 1.

REDtone said the new contract is expected to contribute positively to its earnings.

“None of the directors or major shareholders of REDtone and/or persons connected with them have any interest, direct or indirect, in the contract,” it added.

REDtone is 40.8%-owned by Berjaya Corp Bhd, in which Tan is the single-largest shareholder.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Automotive sector braces for bumpy ride
TCMH struggles to stop slide
New tax brings dividends
Boycott hits the bottom line
IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience
Britain joins trans-Pacific pact in biggest post-Brexit trade deal
Choosing between unbuilt homes and sub-sale units
When a tenant refuses to leave
Malaysia in the lead
Eco World redesignates Leong Kok Wah as non-independent, non-executive director

Others Also Read