PETALING JAYA: HB Global Ltd’s subsidiary has bagged a one-year contract worth RM10mil for a turnkey fibre implementation work from Axiata Group Bhd’s unit.

       In its filing with Bursa Malaysia, the company said its unit, Forward Resources and Construction Sdn Bhd (FRC), yesterday had accepted a letter of award from On Site Services Sdn Bhd, a wholly-owned subsidiary of Axiata, for the supply, provision, installation and service of full turnkey fibre implementation work for value.

       The completion time for the letter of acceptance will be in 12 months.

       The commencement date will be decided later.

       HB Global said FRC intends to fund the project via internally generated funds and/or borrowings.