Asia
GigaLane Secures Two Telecommunications Equipment Supply Contracts; Shares Jump 11%
GigaLane (KOSDAQ:049080) secured two telecommunications equipment supply contracts from New Hampshire-based telecommunications services provider Parallel Wireless, to be deployed in Colombia and Papua New Guinea, according to a Friday filing with the Korea Exchange.The equipment to be supplied to Colombia is valued at 2.49 billion won, while that to be supplied to Papua New Guinea is valued at 3.75 billion won, the filing said.Shares of GigaLane jumped nearly 11% in recent trade.
KOSDAQ:049080
