• $800 million contract to upgrade 175,000 premises from FTTN to FTTP
• 3.5-year contract with 2-year extension option
• Leverages Ventia's strategic partnership and national presence

Ventia Services Group Ltd has been awarded a new contract with NBN Co as part of nbn's program to upgrade the remaining Fibre to the Node (FTTN) network across Australia. The contract, awarded to Ventia's subsidiary, Visionstream Australia Pty Limited, is expected to deliver revenue of approximately $800 million to Ventia over the next 3.5 years. Under the new contract, Ventia will deploy additional fibre infrastructure to enable approximately 175,000 premises to transition from FTTN to Fibre to the Premises (FTTP) technology across Queensland, New South Wales, Victoria, Western Australia, and Tasmania. The agreement includes a 2-year extension option, at nbn's election. Ventia's Group Chief Executive Officer and Managing Director, Dean Banks, stated that this new contract is testament to Ventia and NBN Co's strategic partnership and that Ventia has the experience and strong national presence to manage a project of this scale, and they look forward to delivering this new program of work utilising their customer-focused, innovative and sustainable approach.