Ventia has been awarded a new contract with NBN to upgrade the remaining Fibre to the Node (FTTN) network across Australia.
The contract, awarded to Ventia subsidiary Visionstream Australia, is worth around $800 million and will be executed over the next three-and-a-half years. The agreement includes a two-year extension option.
Under the agreement, Ventia will deploy additional fibre infrastructure to enable approximately 175,000 premises to transition from FTTN to Fibre to the Premises (FTTP) technology across Queensland, New South Wales, Victoria, Western Australia, and Tasmania.
The transition to FTTP is crucial since the company revealed that FTTN fault volumes averaged approximately 27,000 in FY22, nearly four times higher than the average FTTP fault volumes at approximately 7,200.
“This new contract is testament to Ventia and NBN Co’s strategic partnership and we are proud to continue supporting nbn in the delivery of high-speed connectivity to homes and businesses across Australia, particularly in regional areas,” Ventia’s group chief executive officer and managing director Dean Banks said.
“Ventia has the experience and strong national presence to manage a project of this scale, and we look forward to delivering this new program of work utilising our customer-focused, innovative and sustainable approach”.
Ventia’s previous deals with nbn
Ventia has been a partner to NBN since 2010, delivering end-to-end services, including design, construction, on-demand deployment, field services, and network operations and assurance.
In February this year, the company won a mega $2.1 billion five-year contract NBN to deliver maintenance and customer activation services across the nbn network in all of Queensland, New South Wales, ACT and Tasmania.
Two years ago, Ventia was also awarded an extension and new scope under NBN’s Fibre Connect (Fibre to the Node to Fibre to the Premises) program that was expected to deliver revenue of approximately $280 million.
