News: Leighton Holdings shares in vision

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Vision stream, a wholly owned subsidiary of Leighton Holdings (ASX:LEI) has secured a lucrative contract for the national broadband network across three states.



In a market announcement, Visonstream says the contract, initially valued at $334 million, requires delivery of fibre optic broadband to Melbourne, Brisbane and southern NSW.



The contract is for a two year period, with the option to extend, putting potential contract earnings from the NBN at $1 billion.

 

Most recently, Leighton Holdings turned in a $442 million net profit to December 31