Beam Communications Holdings Ltd. announced that it has secured a contract to supply Iridium airtime to Mobile Tracking and Data Pty Ltd. (MTData), a wholly owned subsidiary of Telstra Corporation Limited. Commencing on 27th of October 2022, the value of the contract in the first two years (minimum contracted period) is in excess of $1.2 million, and unless otherwise ended, the contract rolls over yearly after that minimum term has expired. MTData, which offers vehicle telematics and connected fleet management technology, is a long- standing customer of Beam and has purchased hardware and services from the Company over the last 10 years.