Mainboard-listed 8Telecom International Holdings Co., the manufacturer and solutions provider of telecommunication infrastructures and emerging property developer in China, says it recently secured a RMB20.0 million ($4 million) contract to supply 80 telescopic towers to China Mobile Group Hubei Company.

The contract is expected to be completed by the end of this year, and provides a significant boost to the group’s telecommunication towers segment which recorded RMB65.0 million of sales in 1H2010.

8Telecom says the contract will increase the group’s current telecommunication towers order book from RMB45.0 million to RMB65.0 million, which would be fulfilled by the end of the year.

The group currently has a total capacity of 500 telescopic towers per annum and should be able to maintain its utilisation rate at above 60% in the remaining period of this year with the contract.