Source: Downer Group
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  • Downer EDI (DOW) secures two contracts from NBN Co from July 2021
  • The first contract, N2P Evolution, is valued at around $160 million and will see Downer provide design and construction services to extend NBN’s fibre deeper into communities in NSW and WA
  • The second contract is valued at $60 million during the initial term and will see Downer assist in facilitating network capacity expansion
  • Downer EDI is up 0.36 per cent, trading at $5.52 at 1:20 pm AEST

Downer EDI (DOW) has been awarded two contracts by NBN Co from July 2021.

The first contract, N2P Evolution, is valued at around $160 million and has an initial term through to December 2023, with an optional two year extension.

Under the contract, Downer will provide design and construction services across New South Wales and Western Australia to support NBN’s plans to extend fibre deeper into communities.

NBN says it plans to make its highest wholesale speed tiers available in these areas, reaching around eight million premises or up to 75 per cent of homes and businesses by 2023.

A fixed wireless services contract, also beginning in July, will have an initial term of two years, and two extension options of two years.

Under this contract, Downer will deliver end-to-end design and construction services across NBN’s national fixed wireless network, including site acquisition, construction and integration to facilitate network capacity expansion.

This contract is estimated to be worth $60 million during the initial term, with a total estimated value of up to $120 million if both extensions are used.

“These two contracts consolidate Downer’s position as a key long-term NBN approved delivery partner, and we look forward to continuing our partnership and optimising the NBN network,” said Downer’s CEO, Grant Fenn.

Downer EDI was up 0.36 per cent, trading at $5.52 at 1:20 pm AEST.

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