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Service Stream Announces Securing 2 Year Extension to its DC Agreement with VHA

12 Mar 2019  |  21:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SSM secures 2 yr extension to its D&C Agreement with VHA

Service Stream announced that it has secured a two-year extension to its contract with Vodafone Hutchison Australia for the provision of wireless design and construction services. The contract, most recently re-signed in March 2017, included an initial two-year term which was followed by a two-year extension at Vodafone's election. The agreement will see the Company continue to partner with Vodafone as a national provider of services associated with the design and construction of both existing and new wireless infrastructure across Australia. Whilst the agreement does not provide guaranteed volumes, the Company estimates its value based on historical revenues to be in the order of $40m over the additional two-year term.

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