The Board of Directors of Opcom Holdings Berhad ("Opcom") wishes to announce that its subsidiary, Opcom Cables Sdn Bhd has negotiated and accepted a RM92.5 million Letter of Award from Telekom Malaysia Berhad ("Telekom") on 9 October 2012 for the supply and delivery of single mode optical fiber cables and other cables to Telekom for a period of three (3) years commencing from 28 September 2012 to 27 September 2015 ("Award").
The Award is expected to contribute positively towards Opcom Group's earnings and net assets for the period of the Award.
The risk factors which may affect the Award include but not limited to ordinary business risks, competition risks, operations risks, economic risks and regulatory risks.
Directors' and Substantial Shareholders' Interest
None of the directors and substantial shareholders of Opcom and/or its subsidiaries or any persons connected to them has any interest, direct or indirect, in the Award.
This announcement is dated 9 October 2012.