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(Yicai Global) Nov. 21 -- Guangdong Shenglu Telecommunication Technology Co. [SHE:002446] said yesterday that it received the bid-winning notice from China Mobile Ltd. [HK:00941] for the communications giant's centralized Narrow-Band Internet of Things antenna procurement scheme for this year and next.
The value of the deal is more than USD48.23 million (CNY320 million).
China Mobile aims to get about 777,900 single frequency Narrow-Band Internet of Things antennas and 332,900 dual-band ones for CNY171.65 million (including tax) and CNY152.87 million (including tax), respectively, Guangdong Shenglu Telecommunication Technology said.
These figures account for 14.84 percent and 13.22 percent of the company's annual operating income for last year, and the project will likely boost its future performance, the group said.