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Service Stream Secures Extension of Wireless DC Agreement with Vodafone Hutchison Australia

13 Apr 2017  |  11:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SSM secures extension of Wireless D&C Agreement with VHA

Service Stream announced that it has successfully secured a further two-year term with Vodafone Hutchison Australia (VHA) for the provision of wireless design and construction services. The contract has been amended to reflect an additional two-year term which will be followed by a two-year extension at VHA's election. The agreement will see the Company continues to partner with VHA 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 the value of this agreement based on historical revenues to be in the order of $40-$50m over the additional two-year term.

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