- REDtone Digital Bhd wins RM398.1 million contract from Mampu to provide unified communications solutions.
- Contract expected to boost future earnings and strengthen company’s position in Malaysian digital infrastructure market.
REDtone digital: A leading force in malaysia’s digital transformation
REDtone Digital Bhd, a prominent integrated telecommunications and digital infrastructure provider in Malaysia, has secured a RM398.1 million contract from the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) to deliver unified communications solutions. This significant win underscores the company’s growing influence in the region’s digital landscape.
Contract details and implications
The contract, awarded to REDtone’s wholly-owned subsidiary, REDtone Engineering & Network Services Sdn Bhd, will span 60 months, commencing on 1 February 2024. The scope of work includes providing comprehensive unified communications services such as email systems, calendar management, audio and video conferencing, chat platforms, and directory management. Additionally, the contract covers change management services, including user training, software support, and information security management.
This contract is expected to have a positive impact on REDtone Digital’s future earnings, further solidifying its position as a key player in Malaysia’s digital infrastructure market. The company’s shares have shown strong performance, closing up 5.08% at 93 sen on the day of the announcement, with a market capitalisation of RM727.7 million. Over the past year, REDtone’s stock has risen 75.47%, reflecting investor confidence in its growth prospects.
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Company overview and future outlook
Founded in 1996, REDtone Digital Berhad offers a wide range of services, including telecommunications, managed network services, and cloud and IoT solutions. The company has a proven track record of executing large-scale projects, such as those under the National Digital Network (JENDELA) programme. With this latest contract, REDtone Digital continues to demonstrate its ability to adapt and innovate, positioning itself for sustained growth in both the domestic and regional markets.
REDtone Digital’s CEO, Lau Bik Soon, has expressed confidence in the company’s ability to leverage this contract to drive further expansion. The company is also exploring opportunities in smart agriculture and IoT solutions, aiming to capitalise on the growing demand for digital transformation across various industries.
As the company continues to deliver on its commitments, it is well-positioned to play a crucial role in Malaysia’s ongoing digital transformation journey.
