KUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) has awarded a RM250 million job to REDtone International Bhd's wholly-owned subsidiary REDtone Engineering & Network Services Sdn Bhd (RENS). In a filing with Bursa Malaysia today, MCMC's Notice of Approval is for RENS appointment as Universal Service Provider to provide 2G and 3G public cellular services in rural areas in Malaysia. Earlier, REDtone said its second quarter earnings ended October 2017 amounted to RM1.3 million, compared with a net loss of RM2.63 million a year ago. Its second quarter revenue, however, fell 26 per cent to RM29.09 million from RM39.26 million a year ago, on lower contribution from its continuing operations and managed telecommunication network services segment. Following MCMC's job award to REDtone, the telecommunications company is more hopeful of positive earnings in the horizon.

Source: New Strait Times December 27, 2017 13:55 UTC