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.