- Release Date: 17/04/13 13:59
- Summary: GENERAL: DOW: Downer awarded contract to build Ultra-Fast Broadband
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DOW 17/04/2013 11:59 GENERAL REL: 1159 HRS Downer EDI Limited GENERAL: DOW: Downer awarded contract to build Ultra-Fast Broadband Media/ASX and NZX Release 17 April 2013 DOWNER AWARDED CONTRACT TO BUILD ULTRA-FAST BROADBAND Downer EDI Limited (Downer) announced today it had been awarded a contract by Chorus for the building of the Ultra-Fast Broadband network in New Zealand. Under the contract, Downer will be responsible for building the communal part of the network, installing fibre optic cable in the streets passing homes and businesses. The contract is valued up to NZ$500 million for the duration of the contract, running until 2019. This contract builds on Downer's existing 10 year Field Services agreement with Chorus. The Chief Executive Officer of Downer, Grant Fenn, said: "We are very pleased to continue our work with Chorus. Downer has extensive experience and expertise in the Telecommunications sector in Australia and New Zealand including work with NBN Co, Foxtel and Telstra. This contract also complements our work with Chorus and Vodafone on the Rural Broadband initiative." For further information please contact: Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720 Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Telcommunications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region. End CA:00235302 For:DOW Type:GENERAL Time:2013-04-17 11:59:14
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