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TELSTRA GROUP LIMITED — Capital/Financing Update 2013
Jan 16, 2013
65927_rns_2013-01-16_7f165a02-45ed-4601-9bb1-66d3ad26b7c4.pdf
Capital/Financing Update
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17 January 2013
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ASX Market Announcements Australian Securities Exchange Limited Level 4 20 Bridge Street SYDNEY NSW 2000
RE: Visionstream secures $90 million contract for Telstra remediation - Victoria and Tasmania
Please find attached a copy of a media release to be issued today by Visionstream Australia Pty Ltd, a wholly owned subsidiary of Leighton Holdings Limited.
Yours faithfully
LEIGHTON HOLDINGS LIMITED
RICHARD WILLCOCK Group Company Secretary
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Media Release
17 January 2013
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MELBOURNE
Visionstream secures $90 million contract for Telstra remediation - Victoria and Tasmania
Visionstream Australia Pty Ltd (Visionstream), a wholly owned subsidiary of Leighton Contractors, today announced a contract with Telstra worth approximately $90 million for the provision of services as part of Telstra’s infrastructure deployment for the National Broadband Network (NBN).
Visionstream will perform remediation activities on Telstra’s pit and pipe infrastructure in Victoria and Tasmania, repairing and restoring assets to ensure operational readiness for fibre network installation.
Allan Bradford, General Manager, Visionstream said ‘We are very pleased to be awarded this substantial contract with Telstra. Having been a long term partner with Telstra, Visionstream is ideally placed to assist Telstra deliver its commitment to NBN Co. We understand the importance of getting these works done and the impact it has on the overall success of the new network.”
The contract is worth approximately $90 million over three years with two options for yearly renewals taking the potential value of the contract to $210 million.
This latest contract complements Visionstream’s current NBN contracts to build NBN’s Transit Network, Tasmanian passive fibre, New Developments and the construction of the fixed wireless network.
The remediation work under this contract is set to commence within days, with teams mobilised and ready.
-Ends
Media enquiries
Louisa Graham, Manager Corporate Communications
Tel: + 61 (3) 92585778, Mob +61 418 358 327 Email [email protected]
About Visionstream Australia
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Part of the Leighton Contractors Pty Limited group of companies, Visionstream provides network construction, maintenance and engineering services across wireline, wireless, equipment installation, relocation and integration as well as operational and maintenance related services. From concept to completion, Visionstream provides total project management services to meet diverse needs including intelligent transport systems, network infrastructure, co-located data centre facilities and asset relocation and protection activities.