Home Industry Deals Visionstream wins juicy $1 billion NBN FTTH deal

Visionstream wins juicy $1 billion NBN FTTH deal Featured

Leighton subsidiary Visionstream has won a lucrative $334 million contract with NBN Co for fibre rollout in the Eastern states. With two optional one-year extensions, the two-year contract could be worth up to $1 billion, according to the firm.

The contract involves the roll out of broadband fibre from Fibre Access Nodes to homes in Victoria, Queensland and southern NSW and is valued up to $334 million over two years, with two one-year options to renew.

Visionstream has been awarded three work packages comprising Passive Fibre Network Design and Construction to bring high speed, fibre optic broadband to Melbourne, Brisbane and southern New South Wales including Wollongong.

The contract is for two years, with options for two extensions of one year each with a combined estimated potential contract value of around $1 billion of work for Visionstream, according to the company.

NBN Co Chief Operating Officer, Ralph Steffens said: “Under the contract announced today the contractor will be responsible for the rollout of the passive network from the fibre access node (FAN) all the way to the box outside the home, making it ready to connect to the network when the occupants order a service from their chosen provider.”

According to NBN Co, Visionstream was chosen because of its “extensive experience in the design, construction and maintenance of telecommunications networks.”

The company is already responsible for the rollout of the NBN in established communities in Tasmania and in new developments in Victoria and Queensland. The company is also building the first stage of the NBN transit network, which connects communities to the network via rings of backbone fibre-optic cables.

The contract was awarded following a select tender process, and its value is within the Corporate Plan targets.

The Managing Director of Leighton Contractors, Craig Laslett, said: “We are thrilled to have secured this major contract as part of the NBN roll out. Visionstream has proven itself as a reliable, expert and capable partner for NBNCo and we look forward to delivering broadband benefits to Victorian, New South Wales and Queensland communities.”

“This contract enables Visionstream to continue to grow and create a substantial number of new employment opportunities in the local areas.”

The General Manager of Visionstream, Allan Bradford, said: “Visionstream brings seventeen years of national and international experience in offering innovative customer‐centric integrated design, construction, operation and maintenance services with telecommunications networks and we look forward to delivering NBN benefits to the wider community.”

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Stan Beer

 

Stan Beer co-founded iTWire in 2005. With 30 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

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