iWOW Technology NXR has announced that its wholly-owned subsidiary, Roots Communications, has secured a contract worth up to approximately $10.7 million on April 17.
The mobile engineering works contract, awarded by a major telecommunications service provider in Singapore, is in relation to the provision of engineering works for the expansion, safety enhancement, recovery works, relocation and retrofitting of radio base stations or other mobile network site infrastructures in Singapore.
The contract is expected to be fulfilled over the next 36 months, and brings the group’s current order book to approximately $93.5 million.
The contract is not expected to have any material impact on the performance of the Group for the FY2025 ending March 31, 2025.
Shares in iWOW Technology closed 1.5 cents higher or 7.69% up at 21 cents on April 17.
