ITANZ lands $3.5m Middle East telecom deal

June 12, 2026 (MLN): ITANZ Technologies Limited (PSX: ITANZ) has secured a $3.5 million contract linked to a large-scale Internet of Things (IoT) and analytics deployment for one of the Middle East’s largest and strategically significant telecom operators, according to a notice sent to the Pakistan Stock Exchange (PSX).

The company said it will serve as the technology delivery partner for the multi-million-dollar rollout through its international operations.

Under the agreement, ITANZ will earn $2.6m during the initial 24-month deployment phase, with payments structured across four equal six-month phases valued at $650,000 each.

Following completion of the deployment program, the company expects to generate recurring revenue of $300,000 annually for three years through subscription and managed support services, taking the total contract value to $3.5m.

The post-deployment services will include platform access, AI model updates, software enhancements, hardware maintenance, and round-the-clock network operations center (NOC)-backed managed services.

The company said the contract is expected to provide a predictable recurring revenue stream while strengthening its presence in the Middle East's telecom technology market.

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