Stock News: Datacraft earned 5.6 mln contracts

Datacraft gets 5.6 mln usd of contracts from SKorea firm Systems integrator Datacraft Asia said it has secured 5.6 mln usd worth of contracts with hanarotelecom, a South Korean fixed-line telecommunications service provider. Datacraft said it has been awarded a 3.6 mln usd deal to expand the IP backbone network of hanarotelecom. "Korea's fixed-line sector is consolidating and we have an important continuing role to play at hanarotelecom to ensure that it sets the benchmark both for quality-of-service and cost-effective operations," Datacraft Korea general manager Young-Jong Hur said. Separately, the company said hanarotelecom has also renewed its annual 2 mln contract for service managment with Datacraft.