Beam Communications Holdings Ltd (ASX: BCC) has secured a contract to supply Iridium airtime to Mobile Tracking and Data Pty Ltd (MTData), a wholly owned subsidiary of Telstra Corporation Limited.
Commencing on 27 of October 2022, the contract value in the initial two years (minimum contracted period) is more than AU$1.2 million, and unless otherwise ended, the contract rolls over yearly after that minimum term has expired.
Beam Communications believes that this contract will boost the company’s revenue and profits over the next two years
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