Ventia Secures $150M NBN Expansion Contract

Ventia Services Group Limited (AU:VNT) has released an update.

Ventia Services Group Limited has secured a lucrative contract with NBN Co, which is expected to bring in around $150 million over three years. The contract involves expanding NBN’s fibre network to various dwelling types across multiple Australian regions, consolidating Ventia’s position as a key on-demand service provider for NBN Co. The company is set to begin work in November 2024, continuing its decade-long partnership with NBN Co.

For further insights into AU:VNT stock, check out TipRanks’ Stock Analysis page.