Singtel invests $7.9m in security services

The investment is for a 2-year contract with Secura Group.

As it seeks provision of additional security at certain premises, Singtel recently awarded Secura Group Ltd. a $7.9 million security services contract.

The 2-year contract was given through Secura's wholly-owned subsidiary, Soverus Pte. Ltd. It comprises of $7.2 million provision of unarmed security guarding services and a provisional amount of $0.7 million for the provision of additional security services.

Secura CEO Paul Lim said in a statement that this has been one of the largest contracts the group has won to date.

"With Singtel being one of the largest and most prominent corporate brands in Singapore, we believe this will open up more opportunities with other organisations for our services,” he stated.

The Singtel contract raises Secura's orderbook to $27.9 million. Over $23 million is expected to be fulfilled by the end of 2017.