DXN Lands $5.3M Contract to Build Cable Landing Station in South America
DXN Limited (ASX: DXN) secures a A$5.3 million DXN cable landing station contract with a repeat global internet company customer, marking the company's first entry into the Latin American market with commissioning targeted for Q1 CY2027.
Key Takeaways
- DXN Limited has secured a A$5.3 million cable landing station contract with a global internet company for a South America deployment, marking the company's first entry into the Latin American market
- The contract is a repeat order from the same customer, demonstrating validated execution capability and strengthening the prospect of further orders as the customer expands its global infrastructure
- Manufacturing is commencing immediately at DXN's Welshpool facility in Western Australia, with commissioning in South America targeted for Q1 CY2027
- Oliver Wyman research projects more than 210 cable landing station sites across Asia Pacific by 2029, underpinning a significant structural demand tailwind for DXN's modular solution
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