Posts Tagged ‘National Broadband Network’

ASX Company News: Transfield Services Secures Broadband Fibre Contract

Wednesday, September 7th, 2011

Transfield Services (TSE) has signed a A$133 million contract with NBN Co to design and construct the fibre optic network in Victoria over the next two years. The contract is for two years with an option to extend for a further two years with a potential value of up to $395 million if the option is taken up. Work will commence in October 2011, subject to satisfaction of several conditions precedent.

“We are pleased to use our expertise in the design, construction and maintenance of telecommunications assets to play a greater role in the delivery of one of the most significant nation building infrastructure projects ever undertaken in Australia,” said Transfield Services Managing Director and Chief Executive Officer Peter Goode. “In addition to our technical experience, Transfield Services can offer NBN Co a uniquely integrated knowledge-based service that includes our in-house design, aerial services and project management capabilities.”

In June 2011, Transfield Services completed the construction of the fibre optic network at one of the first release sites located in the southern New South Wales coastal communities of Minnamurra and Kiama Downs. Transfield Services was also recently awarded NZ$462 million in contracts as part of the rollout of New Zealand’s Ultra Fast Broadband network. Transfield Services has an extensive telecommunications business across Australia and New Zealand. Clients include Telstra, Chorus, Enable Networks, Transpower, Meridian Energy and New Zealand’s Department of Conservation.

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 26,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

http://www.traderdealer.com.au/fundamentals/tse

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ASX Company News: Service Stream Secures Broadband Fibre Network Contract

Wednesday, September 7th, 2011

Service Stream (SSM) announced that its Syntheo Joint Venture has secured a contract with NBN Co for the rollout of the passive fibre network in Western Australia. The contract is for an initial two year term worth up to $174 million, with an option of a further two years bringing the total potential value to $484 million. Syntheo is a 50/50 joint venture between Service Stream Limited and the project management and construction arm of Lend Lease. The contract involves the design and construction of the fibre access network across WA. The contract win is the first for the Syntheo Joint Venture, which will continue to bid for additional NBN design and construction work as it becomes available. Work on the project is expected to commence immediately upon final approval by the Board of NBN Co.

Graeme Sumner, Managing Director of Service Stream, said that the win was a tribute to the combined strengths that Service Stream and Lend Lease brought to the joint venture. Mr Sumner considered that Syntheo was well placed to assist NBN Co with the delivery of this most vital infrastructure project to the people of Western Australia.

Service Stream is an industrial services enterprise with proven outsourced infrastructure deployment, management and service capabilities operating out of more than 50 locations throughout Australia. Service Stream’s technical workforce of over 4,000 employees and contractors supports large asset owners on the deployment, management and servicing of essential network infrastructure in the telecommunication, electricity, water and gas sectors.

www.tcipl.com.au

http://www.traderdealer.com.au/fundamentals/ssm

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ASX Company News: Optus Secures Agreement For High Speed Broadband Customers

Friday, June 24th, 2011

Optus (SGT) announced that it had reached a landmark agreement with NBN Co on the migration of its Hybrid Fibre Coaxial Cable (HFC) customers to the National Broadband Network (NBN). Under the agreement, Optus will begin the progressive migration of its customers to the NBN once the network is rolled out in an area and is ready to provide services to customers currently served by Optus’ HFC network. Optus estimates the total value of the agreement as approximately A$800 million on a post tax net present value basis, with HFC customers migrated to the NBN following deployment of the network in HFC serving areas in accordance with the anticipated timetable. Payment will be received progressively on migration. Optus and NBN Co expect that the initial migration of customers to NBN infrastructure will commence in 2014. The program is expected to take up to four years to be completed across Optus’ entire HFC footprint. Optus will continue to supply services to customers using its HFC network until the NBN is built and customers have been migrated.

Paul O’Sullivan, Optus Chief Executive said, “Optus was born in competition. This deal supports the NBN to create a level playing field for all telcos. Australian consumers will be the winners. “This agreement represents a fair deal for Optus. We intend to use the NBN to turbo-charge competition and to deliver the full potential of a 21st century digital life to customers,” Mr O’Sullivan said. Mike Quigley, NBN Co Chief Executive said, “A definitive agreement with Optus, Australia’s second largest ISP, represents a significant step in the journey towards a true level playing field for retail broadband services”.

www.optus.com.au

http://www.traderdealer.com.au/Fundamentals/sgt

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A Labor Minority Government – Investment Impacts

Tuesday, September 7th, 2010

The federal election result is finally resolved after two and a half weeks of negotiations. The Labor party will form a minority government alongside Greens MP Adam Bandt and independents Andrew Wilkie, Tony Windsor and Rob Oakeshott, for a 76 (Labor) to 74 (Coalition) decision. Ms Gillard is now the first elected female prime minister of Australia.

This means that investors now have clarification on:

National Broadband Network (NBN) – This was a key differentiator in the final decisions of the independents. Telstra stands to receive $11 billion from the Labor government as the NBN goes ahead.

Super Levy – Labor will implement a 12% compulsory level which will favourably impact banks and investment funding pools.

Minerals Resource Rent Tax (MRRT) – The mining tax will get the go-ahead, and our miners will be directly impacted by this. Indirectly, the MRRT will impact superannuation investment returns.

Banks – Will benefit from the 12% super levy. With the return of the Labor Government, banks should avoid being in the government spotlight with regard to the imposing of taxes on their super profits tax, which would have negatively impacted their bottom line.

Infrastructure – There will be some additional spending, or promises brought forward for infrastructure spend, particularly in regional electorates. This will positively impact our construction sector.

Gambling – Anti-pokie supporters may get a bigger say. This would negatively impact stocks like Crown, TabCorp and Tattersalls.

The Trade

The 17-day process for reaching the final resolution of the election has meant that investors have been hesitant to commit to the market, as reflected in the low trading volumes of late. The decision for a minority Labor government has given some clarity “going forward”. We have highlighted above some of the specific stocks that will be impacted with the new government policies.

The key issues that swayed the decisions of the independents included:

  • * Stability of any new government
  • * National broadband network
  • * Climate change
  • * Regional package
  • * Education and,
  • * a tax summit.

The independents have guaranteed the passage of bills that are essential to keep the government functioning, such as supply. However they will not necessarily vote with Labor in all matters, so time will tell how workable the new minority Labor government will be. In the words of MP Rob Oakeshott, we are in for “a WOW of a time”.

By Michael Hevern
Head of Research

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ASX Company News: Transfield Services Secures National Broadband Network Contract

Thursday, July 15th, 2010

Transfield Services (TSE) has secured work in the initial phase of the National Broadband Network rollout programme to construct one of the first release sites, marking the beginning of the construction of Australia’s high speed fibre optic network. This follows input into the design process carried out by Transfield Services earlier this year. The Company will construct the fibre network in the coastal communities of Minnamurra and Kiama Downs south of Wollongong, which will bring high speed broadband connections to 2,600 households.

Transfield Services’ Managing Director and CEO, Peter Goode said, “This is an exciting opportunity to be part of what is set to be one of Australia’s most significant infrastructure projects ever undertaken.  Our extensive experience in the end-to-end delivery of services to substantial infrastructure assets and specific expertise in the design, construction and maintenance of telecommunications network assets continues to position us well to benefit from ongoing investment in infrastructure.”

The work will commence during the second half of the current calendar year. The Company has existing long-term contracts with incumbent telecommunication providers including a 10 year NZ$1 billion contract with Chorus New Zealand. The successful securing of this contract sustains Transfield Services’ disciplined approach to building a strong order book of long-term contracts, delivering consistency of earnings, generating solid and reliable returns. Transfield Services provides more than 80 per cent of its services under secure, long-term asset management contracts and its overall client retention rate exceeds 95 per cent. The Company has a robust pipeline of work developing in power, defence, transport and social infrastructure, providing continuing diversification for the business.

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

http://www.traderdealer.com.au/Fundamentals/tse

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