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SERVICE STREAM LIMITED — Capital/Financing Update 2014
May 18, 2014
65865_rns_2014-05-18_ca74aa7e-4326-41d2-ad0e-cb0b5eed660e.pdf
Capital/Financing Update
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ASX & Media Release
19 May 2014
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Service Stream Announces Renewal of NBN New Developments Contract
Service Stream is pleased to announce that it has renewed its contract with NBN Co for the design and construction of the fibre network to Greenfield New Developments Housing Estates.
The renewal is effective from today and runs for two years, with two one-year extension options. In addition to the existing locations under the contract of New South Wales, Western Australia, South Australia and the Northern Territory, Service Stream may now also be awarded work in other regions.
The agreement is expected to generate an estimated $70M in revenue across the initial two-year term with the potential for additional revenues from other regions, with a further $70M potentially arising from the two one-year extension options.
Service Stream Managing Director, Terry Sinclair said: “Service Stream has been NBN Co’s leading partner in providing Greenfield New Development design and construction services for the past few years. This new agreement further cements Service Stream’s ongoing relationship with NBN Co and shows our continued commitment to one of the nation’s leading infrastructure projects.”
For further details contact:
Service Stream Limited
Terry Sinclair, Managing Director Tel: +61 3 9677 8817
Service Stream Limited
Bob Grant, Chief Financial Officer Tel: +61 3 9677 8817
About Service Stream Limited:
Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM) with annual revenue in excess of $500 million. The Service Stream Group is a provider of essential network services to the telecommunications, energy and water industries. Service Stream operates out of more than 40 locations nationwide and maintains a workforce of around 3,000 employees and contractors. For more information please visit www.servicestream.com.au.
SERVICE STREAM LIMITED ABN 46 072 369 870
HEAD OFFICE Level 4, 357 Collins Street, Melbourne Vic 3000 | Mailing Address: PO Box 14570 Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E [email protected] | www.servicestream.com.au