SSM awarded further nbn fibre upgrade works in the ACT
| Stock | Service Stream Ltd (SSM.ASX) |
|---|---|
| Release Time | 11 Jul 2025, 9:14 a.m. |
| Price Sensitive | Yes |
Service Stream awarded further nbn fibre upgrade works in the ACT
- Leading essential network services provider Service Stream secures amendment to existing agreement with NBN Co
- Providing specialist design and construction services for nbn Fibre to the Premises (FTTP) technology across the ACT
- Amending Agreement expected to deliver approximately $360 million in revenue over 3.5-year project duration
Service Stream Limited (ASX: SSM), a leading essential network services provider, has announced that it has secured an amendment to its existing agreement with NBN Co (Amending Agreement) that will continue the Company's support for nbn's upgrade of the remaining Fibre to the Node (FTTN) footprint. Under the Amending Agreement, Service Stream will provide specialist design and construction services to support eligible premises with progressive access to nbn Fibre to the Premises (FTTP) technology across the ACT. The Amending Agreement is expected to deliver approximately $360 million in revenue over the approximate 3.5-year project duration in the ACT. Managing Director, Leigh Mackender, stated that the award of additional works in the ACT is testament to the strong working relationship between Service Stream and nbn, providing continuity and longevity to the Company's current program of work which was due to conclude in late 2025.
The Amending Agreement is expected to deliver approximately $360 million in revenue over the approximate 3.5-year project duration in the ACT.