Service Stream Secures AU$360 million Extension with NBN Co for ACT Fibre Upgrade

Service Stream Limited (ASX: SSM) has announced a significant amendment to its existing agreement with NBN Co, securing a contract extension to continue supporting the national broadband upgrade program. Under this amended agreement, Service Stream will deliver specialist design and construction services to upgrade eligible premises from Fibre to the Node (FTTN) to Fibre to the Premises (FTTP) across the Australian Capital Territory (ACT).

The amended contract is projected to generate approximately AU$360 million in revenue over an estimated 3.5-year period, ensuring continuity of work beyond the current agreement, which was set to conclude in late 2025. Managing Director Leigh Mackender expressed pride in the award, highlighting it as a testament to the firm and enduring partnership between Service Stream and NBN Co. The expanded scope will help deliver high-speed broadband infrastructure to homes and businesses across the ACT, reinforcing Service Stream’s role in Australia’s telecommunications future.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com