Centron Telecom wins $15 mln in overseas contracts
Shanghai. November 3. INTERFAX-CHINA - Hong Kong Stock Exchange-listed Centron Telecom International Holdings Limited (Centron Telecom) has signed antenna production contracts with Indonesia's Telemedia Pacific Group Limited and Vietnam Mobile Telecom Services Company to provide more than 50,000 antennae for the two companies, Centron announced on Nov. 2.
The antennae contracts are worth more than RMB 100 million ($14.98 million) and mark a breakthrough for the company in entering the communication markets in Indonesia and Vietnam. According to the announcement, the contracts will boost the company's overseas expansion efforts.
Established in 1989 in Fujian Province, Centron Telecom is engaged in the Research Development (RD), production and sale of mobile telecommunication and mobile digital television network coverage products and network optimization solutions.
Centron Telecom generated revenues of RMB 670.03 million ($100.37 million) for the first half of 2010, up 18.90 percent year-on-year.