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VENTIA SERVICES GROUP LIMITED — Capital/Financing Update 2022
Aug 21, 2022
66015_rns_2022-08-21_2994cc29-4d5c-49d9-a8b7-ffe2209e4894.pdf
Capital/Financing Update
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Ventia Services Group Limited ABN 53 603 253 541
ventia.com
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Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA
ASX and NZX Release
22 August 2022
Ventia awarded fibre network build contract by Telstra
Ventia today announced it had been awarded a contract to deliver build services for Telstra InfraCo in the first phase of a new nationwide ultra-high capacity low-latency fibre project.
As part of the nationwide project, Ventia will lead the design and construction of specific high-capacity optic fibre routes, including various fibre links between Melbourne and Sydney and Sydney to Wilmington in South Australia.
The contract will commence immediately, and the first phase is expected to generate approximately $125 million in revenue over a three-year build program.
"Ventia’s collaborative approach to partnering on the inter-city fibre project will benefit our ambition to deploy new fibre technology, enabling transmission rates of over six times today’s common rate,” said Dean Jones, Telstra InfraCo Design & Construction Executive.
As part of a multi-year build, Telstra will be bolstering its national fibre network to improve its size, reach and bandwidth.
Mark Ralston, Ventia’s Group Executive – Telecommunications, noted Ventia’s background in building, operating and maintaining critical telecommunications infrastructure.
“Ventia has a long track-record in the delivery of national fibre networks and continues to play a key role in building the nation’s telecommunications infrastructure. Our strategy is to redefine service excellence by being client-focused, innovative and sustainable.”
“We’re excited to continue our relationship with Telstra, and work alongside them to deliver innovative critical communications infrastructure that will help to drive the connectivity of the future,” Mr Ralston said.
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For further information, please contact:
Investors Media Chantal Travers Sarah McCarthy General Manager Investor Relations General Manager Brand, Marketing & Communications [email protected] [email protected] +61 428 822 375 +61 400 993 542
Ventia Services Group Limited ABN 53 603 253 541
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Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA
ventia.com
ASX and NZX Release
More on the project
Telstra’s new fibre network will deliver a new ultra-high capacity, low-latency fibre that will enable transmission rates of up to 650Gbps (six times today’s common rate of 100Gbps). It will enable express connectivity between capital cities up to 55Tbps per fibre pair capacity (over six times today’s typical capacity of 8.8Tbps per fibre pair).
Under the first phase of the build program, Ventia will lead the design and construction of fibre routes between Melbourne and Sydney via Cann River, and Sydney to Wilmington, South Australia via Broken Hill.
About Ventia
Ventia is a leading essential infrastructure services provider in Australia and New Zealand, proudly providing the services that keeps infrastructure working for our communities. Ventia has access to a combined workforce of more than 35,000 people, operating in over 400 sites across Australia and New Zealand. With a strategy to redefine service excellence by being clientfocused, innovative and sustainable, Ventia operates across a broad range of industry segments, including defence, social infrastructure, water, electricity and gas, environmental services, resources, telecommunications and transport.