Stock News: DMX secured 2.64 mln usd contracts!

DMX Technologies Group Ltd said it has won two contracts worth a total of 2.64 mln usd from PT Telekomunikasi Selular (Telkomsel), an Indonesian wireless telecommunications service provider. Under one contract worth 1.6 mln usd, DMX unit PT Packet Systems Indonesia will enhance the availability of Telkomsel's IP/MPLS backbone network. Another contract, worth 1.04 mln usd, is for Packet Systems Indonesia to build new Telkomsel telecommunications centers as part of its expansion plans. "This is where DMX expertise in digital infrastructure comes in to help service providers such as Telkomsel to meet not only their current business needs, but also help to prepare them for future market demand," DMX CEO Giang Phung said in a statement.