Vistek is a Singapore-based underground cable laying contractor serving the country's major telecom and power network operators. The company digs trenches, installs underground fiber optic and power cables, and restores roads and surrounding infrastructure after project completion. Telecommunications cabling accounts for roughly 54% of revenue and power cabling roughly 42%, with the remainder from maintenance, equipment rental, and labor charges. Vistek's customer base is highly concentrated — three customers account for all revenue, with the two largest representing over 90%. These customers award Vistek exclusive service contracts for specific network operation zones, typically for two to three years with optional extensions. Vistek earns revenue under term contracts where customers place daily job orders as work arises, with payment measured against pre-agreed unit rates. The business model is cost-plus: Vistek bids using a cost estimate plus markup and relies on accurately pricing labor, subcontracting, and materials. Subcontractor costs represent a large share of cost of revenue and fluctuate with Singapore's labor market conditions. The company operates a fleet of 118 machines and 22 vehicles. Vistek's growth priorities include upgrading its Building and Construction Authority contractor grade to unlock larger contracts, expanding its equipment fleet using IPO proceeds, growing headcount, and pursuing M&A or joint ventures, though no specific targets have been identified.