Visionstream has won a National Broadband Network (NBN) contract worth up to $1 billion.
The initial $334 million contract with NBN Co is for the passive fibre network design and construction of the NBN in Melbourne, Brisbane and southern NSW, including Wollongong.
The two-year contract has options for two one-year extensions and has a potential value of $1 billion. The work will begin in the next few months, with the company already undertaking design and surveying.
Leighton Holdings is also transferring John Holland’s communications business and most of its contracts to Visionstream as part of Leighton Holdings’ ‘strategic realignment’.
Visionstream will take over Ericsson NBN, Telstra Network Construction, Optus, Crown Castle and Transgrid CUARP Alliance contracts.
Visionstream was founded by Telstra and is now a wholly-owned subsidiary of Leighton Contractors and has won several NBN contracts.
In January this year Telstra signed a $90 million NBN contract with Visionstream to provision services for the NBN in Victoria and Tasmania in a three-year contract worth up to $210 million.
Visionstream has also been awarded a $102 million contract to design, construct and commission the pit, pipe and fibre optic cable within the temporary transit fibre network in all new estates in Victoria and Queensland.
It has also signed a $19 million contract to build the first stage of NBN Co’s transit network and a $300 million construction and maintenance contract for the complete rollout of the NBN in Tasmania.
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