Service Stream Limited (ASX:SSM) Secures Further nbn Fibre Upgrade Works
Contract Details
Service Stream Limited (ASX:SSM) has secured a $440 million agreement with NBN Co to continue supporting the upgrade of the remaining Fibre to the Node (FTTN) footprint. The contract has an initial term of 3.5 years with a 2-year extension option.
Operational Impact
Under the agreement, Service Stream will provide specialist design and construction services to support eligible premises transitioning to Fibre to the Premises (FTTP) technology. The work will cover Queensland, New South Wales, and Victoria, extending beyond the current N2P Evolution Agreement set to conclude in Q3 2025.
Executive Comments
Managing Director Leigh Mackender said, “Service Stream is delighted to secure further works under nbn’s program to upgrade the remaining FTTN network, providing both continuity and longevity to our existing design and construction operations with nbn.
We are extremely proud to continue our role in supporting nbn with this important national infrastructure program.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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