KUALA LUMPUR (Sept 26): Omesti Bhd has bagged a one-year contract from Telekom Malaysia Bhd (TM) relating to mobile services valued at RM20 million.

In a Bursa Malaysia filing on Monday (Sept 26), Omesti said it accepted a letter of award (LOA) on Sept 23 from TM.

The work comprises design, development, customisation, configuration, delivery, installation, integration, testing, commissioning and knowledge transfer for mobile services business support system. These are also to ensure mobile services continuity including 5G and other mobile-related services, maintenance and support services as well as provision of software subscription.

"The LOA is expected to contribute positively to the revenue, earnings per share and net assets per share of the group for the financial year ending March 31, 2023 onwards until the expiry of the contract," Omesti said.

The company is engaged in the provision of network connectivity and bandwidth services, and project management services in relation to telecommunications.

Omesti's share price finished 2.67% or one sen lower at 36.5 sen on Monday, bringing a market capitalisation of RM195 million.