Service Stream Secures $440 Million NBN Fibre Upgrade Contract

Service Stream Limited ( (AU:SSM) ) has provided an announcement.

Service Stream Limited has secured a $440 million agreement with NBN Co to continue supporting the upgrade of the remaining Fibre to the Node (FTTN) footprint to Fibre to the Premises (FTTP) technology. This agreement, which extends the company’s existing work under the N2P Evolution Agreement in Queensland, New South Wales, and Victoria, ensures continuity and longevity for Service Stream’s design and construction operations over an initial 3.5-year term, with a 2-year extension option.

The most recent analyst rating on (AU:SSM) stock is a Buy with a A$1.68 price target. To see the full list of analyst forecasts on Service Stream Limited stock, see the AU:SSM Stock Forecast page.

More about Service Stream Limited

Service Stream Limited is a public company listed on the Australian Securities Exchange, providing essential network services to the telecommunications, utility, and transport sectors. The company operates across all Australian states and territories, employing approximately 5,000 people and working with around 10,000 specialist contractors.

Average Trading Volume: 2,588,127

Technical Sentiment Signal: Buy

Current Market Cap: A$1.19B

For an in-depth examination of SSM stock, go to TipRanks’ Stock Analysis page.