Ventia Secures $100 Million Agreement with Tuatahi First Fibre

Ventia Services Group Limited ( (AU:VNT) ) just unveiled an announcement.

Ventia Services Group Ltd has secured a significant service partner agreement with Tuatahi First Fibre, valued at approximately AUD$100 million over five years. This agreement strengthens Ventia’s role as the primary service partner for fibre build, customer connections, and maintenance across New Zealand. The partnership, which has been ongoing since 2011, is crucial for meeting the growing demand for reliable, high-speed broadband, and aligns with Ventia’s strategic goals of innovation and sustainability. The agreement is expected to enhance operational efficiencies and support New Zealand’s digital infrastructure development.

The most recent analyst rating on (AU:VNT) stock is a Buy with a A$4.66 price target. To see the full list of analyst forecasts on Ventia Services Group Limited stock, see the AU:VNT Stock Forecast page.

More about Ventia Services Group Limited

Ventia Services Group Ltd is a leading essential infrastructure services provider in Australia and New Zealand, with a workforce of over 35,000 people operating across more than 400 sites. The company focuses on redefining service excellence through customer focus, innovation, and sustainability, and operates in various industry segments including defence, social infrastructure, water, electricity and gas, resources, telecommunications, and transport.

Average Trading Volume: 2,411,743

Technical Sentiment Signal: Buy

Current Market Cap: A$4.13B

For an in-depth examination of VNT stock, go to TipRanks’ Overview page.