Ntegrator International snaps 4 contracts totaling S$15.5 mln

Following the said contracts in Vietnam and Myanmar, the communications network specialist increases its orders to a total of S$52.3 million.

Ntegrator International Ltd on Tuesday said it has secured four contracts to expand on existing projects with Vietnam’s second largest telco operator by number of subscribers, Viettel Corporation, Myanmar’s State-run telco, Myanmar Posts and Telecommunications (MPT), a cable TV provider in Myanmar, Forever Group Company Limited (FGCL) and a subsidiary of Singapore Power, SP Powerassets (SPPA).

According to the announcement released on Tuesday, the contracts have increased Ntegrator’s total outstanding orders to S$52.3 million.

Ntegrator said majority of the contracted project work scope is expected to be completed within the current financial year and should contribute to a positive performance in FY2010.

“These contracts for repeat customers who had been giving us continuing contracts since our Group commenced business in 2002 attest to our trusted track record and strong technical expertise in providing customised solutions for network infrastructure and voice communication systems,” said Mr Jimmy Chang, Managing Director of Ntegrator.

Mr Chang said the contracts mark the close relationships Ntegrator has with major telcos in Indo-China

“We are particularly pleased to have secured a long seven-year maintenance contract from SPPA as it has significantly increased our stream of recurring income. We plan to build up our maintenance contracts to grow a steady stream of recurrent income,” added Mr Chang.