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Ann: GENERAL: DOW: Downer awarded contract to bui

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    • Release Date: 17/04/13 13:59
    • Summary: GENERAL: DOW: Downer awarded contract to build Ultra-Fast Broadband
    • Price Sensitive: No
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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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