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Service Stream wins $135m in Telstra contracts

Service Stream wins $135m in Telstra contracts

Snaps up two fixed line and one mobile infrastructure contract

Network services provider to the telecommunications, energy, and water industries, Service Stream, has been awarded three separate contracts totaling $135 million.

Service Stream chief financial officer (CFO), Bob Grant, said each of the contracts are arguably “smallish, relatively speaking.”

The first is a new two-year fibre-to-the-premises for commercial estates contract with an estimated value of $30 million. It will see Service Stream installing new communications services to commercial estates for Telstra. The services provider won the contract in a competitive tender.

The second is a renewed asset relocation and commercial works contract which Service Stream maintained for more than 10 years, according to Grant. The three-year extension is worth approximately $55 million, and involves relocation services of Telstra assets when required.

It has also renewed its site acquisition, environment and design contract on a two-year extension valued at $50 million. The contract refers to the first phase of a telco’s mobile infrastructure expansion, Grant said. It includes identifying a rooftop or piece of land on which a new mobile tower will go; doing a deal with the land owner; getting all appropriate permits and design.


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Tags TelstraTelcoenergyTelecommunicationsCFOServices providerWaterService Streamcontractagreement

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