NBN Co has inked a two-year contract extension with Service Stream, worth $140 million, to connect homes and businesses to high speed broadband. The Field Service Delivery contract sees Service Stream connect the cables from the street to the outside of buildings as well as the installation of the NBN connection box and optional power supply unit inside the premises.
The contract also provides for the ongoing maintenance of the network.
Service Stream managing director, Leigh Mackender, said, "We are pleased that NBN Co has renewed our contract as the roll out of the National Broadband Network gains momentum." Service Stream will continue to perform these tasks across five states and territories: Victoria, New South Wales, Western Australia, the Northern Territory and South Australia. The contract renewal is for a further term of two years and has an estimated value of $140 million, excluding materials and has two one-year extension options. NBN Co is working with Service Stream and its other delivery partners to improve the connection process by more closely coordinating the installation of equipment in the home with the rollout of the cables in the street. The announcement continues the momentum of the rollout with 199,067 families and businesses currently connected to the NBN across the various access technologies.