SSM service stream limited

News: AGL Energy awards Service Stream new contract

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    AGL Energy Limited (ASX:AGL) has awarded a new metering field services contract to provider of network services Service Stream Limited (ASX:SSM). 
     
    Under the deal Service Stream will provide AGL with a range of installation, commissioning, maintenance, logistics and customer contact centre services. 
     
    The initial term of the contract is for three years, with the option of two one-year extensions. 
     
    Service Stream expects to generate revenues of more than $50 million over the initial term. 
     
    AGL Energy reported a net profit of $308 million in the first half of the 2015 financial year.
 
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