Transfield Services To Construct Broadband Network

Transfield Services Selected To Construct National Broadband Network Site

Transfield Services has secured work in the initial phase of the National Broadband Network rollout programme to construct one of the first release sites, marking the beginning of the construction of Australia’s high speed fiberoptic network.

This follows input into the design process carried out by Transfield Services earlier this year.

The company will construct the fibre network in the coastal communities of Minnamurra and Kiama Downs south of Wollongong, which will bring high speed broadband connections to 2600 households.

Transfield Services’ Managing Director and CEO, Peter Goode said, "This is a exciting opportunity to be part of what is set to be one of Australia's most significant infrastructure projects ever undertaken.”

“Our extensive experience in the end-to-end delivery of services to substantial infrastructure assets and specific expertise in the design, construction and maintenance of telecommunications network assets continues to position us well to benefit from ongoing investment in infrastructure.”

The work will commence during the second half of the current calendar year. The Company has existing long term contracts with incumbent telecommunication providers including a 10 year NZ$1 billion contract with Chorus New Zealand.

In Australia, Transfield Services has a long relationship with Telstra, providing land and building capital works and upgrades to Telstra’s critical assets. Its Sentinar Joint Venture provides essential facilities management and telepower services to more than 19,000 Telstra exchanges across Australia.

The successful securing of this contract sustains Transfield Services’ disciplined approach to building a strong order book of long-term contracts, delivering consistency of earnings, generating solid and reliable returns.

Transfield Services provides more than 80 per cent of its services under secure, long-term asset management contracts and its overall client retention rate exceeds 95 per cent.

The Company has a robust pipeline of work developing in power, defence, transport and social infrastructure providing continuing diversification for the business.

ENDS

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