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SERVICE STREAM LIMITED — Capital/Financing Update 2019
Sep 22, 2019
65865_rns_2019-09-22_0c5dd8cb-a997-4ec9-9148-4661376a16ed.pdf
Capital/Financing Update
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23 September 2019
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ASX & MEDIA RELEASE
Service Stream extends its NMRA contract with nbn
Leading essential network services company Service Stream Limited (ASX: SSM) is pleased to announce that it has extended its Network MACs[1] and Restoration Activities contract with NBN Co. ( nbn ).
The NMRA contract has been extended for an additional 18-month term out to 30 June 2021.
Under the NMRA contract, which was initially executed in September 2012 as the Network Augmentation and Restoration Activities (NARA) contract and which has been extended numerous times since, Service Stream will continue to provide nbn with services relating to the improvement, maintenance and relocation of infrastructure across its fixedline broadband network.
Service Stream’s revenue under the NMRA contract was approximately $55 million in FY19 and $35 million in FY18.
Managing Director, Leigh Mackender said: “Following the recent extension of the OMMA contract, we are very pleased that by extending the NMRA contract, nbn has demonstrated further confidence in Service Stream’s ability to provide critical network maintenance and upgrade services to the National Broadband Network. We look forward to continuing as nbn’s leading network maintenance delivery partner.”
1 MACs is an abbreviation for the design and implementation of small network moves, adds and changes.
For further details contact:
Service Stream Limited
Service Stream Limited
Leigh Mackender, Managing Director Bob Grant, Chief Financial Officer Tel: +61 3 9937 6350 Tel: +61 3 9937 6350
About Service Stream Limited:
Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM). The Service Stream Group is a provider of essential network services to the telecommunications and utility sectors. Service Stream operates across all states and territories, has a workforce in excess of 2,200 employees and access to a pool of over 3,000 specialist 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