Nera Telecommunications has secured a renewal of a frame contract with a leading service provider in Southeast Asia, worth $30 million.

The group will implement a comprehensive smart services training programme and deploy trained personnel across more than one hundred sites. This initiative aims to empower enterprises in rural communities to harness innovative and competitive digital commerce opportunities to accelerate economic growth.

The group will also manage services components spanning 60 months, such as the day-to-day operations, management, and maintenance of the deployed infrastructure, along with continuous support and network performance monitoring to ensure compliance with the customer’s Service Level Agreements (SLAs).

Nera Telecommunications says that this contract is expected to contribute positively to its performance for the current financial year.

Shares in Nera Telecommunicationsclosed 0.2 cents lower or 2.062% down at 9.5 cents on June 25.