Ventia Secures $800 Million Contract for NBN Co Fibre Upgrade

An update from Ventia Services Group Limited ( (AU:VNT) ) is now available.

Ventia Services Group Ltd has secured a significant contract with NBN Co to upgrade Australia’s Fibre to the Node (FTTN) network to Fibre to the Premises (FTTP) technology. This contract, valued at approximately $800 million over 3.5 years, will enhance connectivity for around 175,000 premises across multiple Australian states, reinforcing Ventia’s strategic partnership with NBN Co and its capability to manage large-scale infrastructure projects.

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 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 offers services in various industry segments, including defence, social infrastructure, water, electricity and gas, resources, telecommunications, and transport, with a focus on being customer-focused, innovative, and sustainable.

Average Trading Volume: 2,506,772

Technical Sentiment Signal: Buy

Current Market Cap: A$4.08B

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