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Friday, 13 May 2011 09:39

Fujitsu taps Service Stream to fulfil NBN greenfields contract - UPDATED

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Service Stream (ASX: SSM) has signed a contract with Fujitsu Australia to provide network provisioning and fibre deployment services to Fujitsu, which, Service Stream says, has a contract from NBN Co to rollout fibre infrastructure to new developments.

 
At the time of Service Stream lodging its announcement with the ASX there had bee no announcement of Fujitsu's contract from NBN Co.  That contract was announced shortly afterwards.

Service Stream said the initial contract period was for 12 months with an option to extend for a second year. It estimates the contract value to be $35m per year, but said:  "Installation volumes are not guaranteed and may vary substantially over the life of the contract."

Service Stream is an industrial services enterprise with outsourced infrastructure deployment, management and service capabilities across 55 locations throughout Australia. It has technical workforce of over 4,000.

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