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Ventia Services Group Limited ( (AU:VNT) ) has provided an update.
Ventia Services Group Ltd has secured an amendment to its contract with NBN Co to upgrade Australia’s Fibre to the Node network, adding approximately $280 million in revenue over 3.5 years. This contract involves upgrading 43,400 premises to Fibre to the Premises technology in a new geographic area, enhancing Ventia’s role in telecommunications infrastructure and reflecting its capability in delivering complex infrastructure programs.
The most recent analyst rating on (AU:VNT) stock is a Buy with a A$4.50 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 is a leading essential infrastructure services provider in Australia and New Zealand, employing over 35,000 people across more than 400 sites. The company operates in various industry segments, including defence, social infrastructure, water, electricity and gas, resources, telecommunications, and transport, with a focus on customer-centric, innovative, and sustainable service excellence.
Average Trading Volume: 2,297,092
Technical Sentiment Signal: Buy
Current Market Cap: A$4.31B
Learn more about VNT stock on TipRanks’ Stock Analysis page.