News: NBN Co chooses Leighton, Service Stream

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NBN Co has chosen Leighton Holdings Limited (ASX:LEI) and Service Stream Limited (ASX:SSM) to work on the national broadband network rollout, awarding contracts worth about $183 million. 



Leighton Holdings' Visionstream has secured a $102 million contract to design and construct broadband fibre across Victoria and Queensland.



Service Stream has secured an $81 million contract for work in New South Wales, South Australia, Western Australia and the Northern Territory.



NBN Co says the contracts will provide additional rollout capacity and support a new approach to the management of fibre deployment in new estates.

Leighton Holdings posted a net profit $345 million in the first half of the 2012 financial year.