TeleChoice unit secures S$1.3 billion supply chain deal from Malaysia’s U Mobile
The contract is expected to enhance group earnings and net tangible assets in FY2027
TeleChoice International, a Singapore-based provider of information and communication technology products and services, has secured a significant supply chain deal with Malaysia's U Mobile. The contract, worth approximately S$1.3 billion, is set to last for three years, with the option for an additional two-year extension. The agreement, signed by TeleChoice's Malaysian subsidiary, Planet Telecoms Managed Services (PTMS), involves the management and automation of U Mobile's end-to-end supply chain, encompassing stock management, warehousing, order fulfillment, and distribution.
Additionally, the contract includes financing for device inventories and insurance coverage for deliveries. TeleChoice's CEO, Pauline Wong, expressed excitement about the contract, stating that it will bolster their workforce, systems, and automation, and pave the way for expanding their managed services business across the region.
The renewed contract is expected to positively impact TeleChoice's consolidated net tangible assets per share and earnings per share for the financial year ending in December 2027.
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