- Downer EDI (DOW) has been awarded a $330 million field services contract by telco giant, Telstra Corporation
- Downer is an ASX 200-listed provider of fixed and wireless network services in Australia and New Zealand
- The contract begins this month with an initial four-year term, however there’s one extension option of up to one year
- Under the contract, Downer will provide services including network asset relocations, wideband business services, and facilities, design and construction activities across NSW, VIC, TAS, SA and NT
- Downer shares are up 2.24 per cent, trading at $5.48
Downer EDI (DOW) has been awarded a field services contract by Telstra Corporation (TLS), valued at around $330 million over a maximum five-year term.
Downer provides fixed and wireless network services in Australia and New Zealand and is one of the largest constructors of telecommunications carrier networks.
The contract begins this month with an initial four-year term, however there’s one extension option for up to one year.
Under the contract, Downer will provide Telstra with services including network asset relocations, and wideband business services.
The ASX 200-lister will also provide facilities, design and construction services which includes continuing the 5G mobile rollout and building upgrades, delivered across New South Wales, Victoria, Tasmania, South Australia and the Northern Territory.
“Downer has been working closely with Telstra for over a decade and we have earned a reputation as a high quality contractor trusted for our delivery excellence,” CEO Grant Fenn said.
“Downer is proud of our involvement in the Field Optimisation initiative assisting Telstra as it simplifies its business. We look forward to continuing our partnership with Telstra and transitioning into the new Field Services contract,” he added.
Downer shares are up 2.24 per cent, trading at $5.48 at 1:09 pm AEDT.