Company News Summary | 14 Jul 2021

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Downer EDI Announces Being Awarded New NBN Contracts

08:37:00 | Associate analysts

Original annuncemenet:Downer awarded new NBN contracts

Downer EDI announced that it had been awarded two contracts by NBN Co (nbn) - the N2P Evolution contract and the nbn Fixed Wireless Services contract. The N2P Evolution contract commences in July 2021, with the initial term through to December 2023 and an extension option of two years. The contract is valued at an estimated $160m to the Company over the initial two-and-a-half-year term. Under the contract, it will provide design and construction services across NSW and WA to support nbn's plans to extend fibre deeper into communities.

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