Neratel

[yawnyawn]

CONTRACTS OF APPROXIMATELY SGD31.1 MILLION IN AGGREGATE RECEIVED BY NERA TELECOMMUNICATIONS LTD AND ITS WHOLLY-OWNED SUBSIDIARIES

The Board of Directors of Nera Telecommunications Ltd (“the Company”) is pleased to announce that the Company and its wholly-owned subsidiaries have received contracts of approximately SGD31.1 million (the “Contracts”) in aggregate.

The Contracts are in relation to the following:

1) Network Infrastructure
SGD23.2 million from telecom and cellular operators in South East Asia for the supply, delivery, installation and maintenance of IP network equipment and software; and

2) Wireless Infrastructure Networks
SGD7.9 million for the supply, delivery, installation, commissioning and maintenance of microwave radio equipment in South East Asia, Middle East and North Africa;

The Contracts are not expected to have a significant impact on the performance of the Company and its subsidiaries for the current financial year.


At current price of 0.785, Neratel is trading at 16x FY13 earnings when negative goodwill of 7.05m is taken out.

Nothing on Myanmar yet....

Ericsson today announced its telecom network managed services deal with Telenor Myanmar. The company did not announce the financial details of the 5-year contract for multivendor managed services.

The managed services deal is a new contract for Ericsson. Late last year, Telenor also awarded Ericsson with a frame agreement to supply radio-access network (RAN) and associated services for a significant portion of Telenor network in the country. Telenor earlier said it will invest less than $2 billion in building its telecoms operation in Myanmar. Telenor network in Myanmar is expected to cover 90 percent of the country’s population of more than 60 million in five years.

It will be a multi-standard network comprising 2G and 3G to provide customers with both voice and data connectivity. Ericsson’s multi-standard network solution will be used in the deployment, along with 2G and 3G equipment that can be upgraded for future requirements.

http://www.telecomlead.com/telecom-servi...mar-32056/

Will Ericsson pass on some orders to Neratel? Anyway i am not having high hopes for Myanmar. It is really competitve there from what i understand, many companies are there thinking that they can make money easily.