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SERVICE STREAM LIMITED — Capital/Financing Update 2019
Sep 16, 2019
65865_rns_2019-09-16_4bbeeaf0-a54a-4d64-834c-87d6777318d3.pdf
Capital/Financing Update
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ASX & MEDIA RELEASE
17 September 2019
Service Stream extends its OMMA contract with nbn
Leading essential network services company Service Stream Limited (ASX: SSM) is pleased to announce that it has extended its Operations and Maintenance Master Agreement with NBN Co. ( nbn ).
The OMMA contract has been extended for an additional 12-month term to 21 December 2020.
Under the OMMA contract, which was initially executed in December 2015, Service Stream will continue to be responsible for performing operations and maintenance field services for nbn including service activations, service assurance and preventative maintenance activities across nbn’s fixed-line multi-technology network.
Service Stream’s revenue under the OMMA contract was approximately $275 million in FY19 and $215 million in FY18.
Managing Director, Leigh Mackender said: “We are delighted that by extending the OMMA contract, nbn has demonstrated continued confidence in Service Stream’s ability to support its national operations and the enhancement of its customers’ experience as they connect to the National Broadband Network. We look forward to continuing as nbn’s leading operations and maintenance delivery partner.”
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