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Service Stream Re-Secures Wireless DC Agreement with Telstra

15 Mar 2019  |  10:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SSM re-secures Wireless D&C Agreement with Telstra

Service Stream announced that it has entered into a new contract with Telstra for the provision of design and construction services to support Telstra's wireless infrastructure network. The contract has been secured for an initial term to June 2021, which will be followed by a one-year extension at Telstra's election. The new contract replaces the previous agreement which has just expired. Whilst the agreement does not provide guaranteed volumes, the Company notes that revenue for similar services under the precedent contract has averaged $80m p.a. over the last three years.

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