Visionstream wins NBN deal worth up to AU$1 billion

Visionstream wins NBN deal worth up to AU$1 billion

Summary: The National Broadband Network construction company Visionstream has picked up another contract with NBN Co that will be worth up to AU$1 billion.

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TOPICS: NBN
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Leighton Holdings subsidiary Visionstream has signed another minimum two-year National Broadband Network contract with NBN Co that will see the company construct the fibre network in southern New South Wales, Victoria and Queensland.

The deal is worth AU$334 million over two years, with two one-year options for renewal. Visionstream said that the total value of the contract could be worth up to AU$1 billion.

Visionstream will be tasked to roll out the fibre network from the fibre access node up to the box outside each premise in Brisbane, Melbourne and southern New South Wales, including Wollongong, the company said.

Visionstream has already helped construct the transit network and the fibre network in Tasmania, and rolled out fibre into new housing developments in Victoria and Queensland.

The construction company is also performing duct and pit remediation work for Telstra to get its infrastructure NBN-ready.

NBN Co has engaged Silcar for construction in other parts of Queensland and NSW, as well as the ACT. Downer EDI is undertaking construction in northern NSW. Syntheo is the construction partner for the Northern Territory, South Australia and Western Australia, though NBN Co has admitted that there is a "range of issues" with Syntheo in these states and the rollout in these locations has been delayed.

The contract is one of the first in the next stage of construction contracts to be signed this year by NBN Co. Shadow Communications Minister Malcolm Turnbull has warned NBN Co to build flexibility into the contracts in the event that the Coalition wins the September Federal election and wishes to change the rollout of the project. There had been concern from the party that NBN Co would lock in rigid four-year contracts in order to retain as much of the existing rollout schedule as possible in the event of a change of government.

Visionstream yesterday announced that parent company Leighton Holdings had signed an in-principle agreement to move John Holland's communications business and most of its contracts into Visionstream.

Topic: NBN

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Armed with a degree in Computer Science and a Masters in Journalism, Josh keeps a close eye on the telecommunications industry, the National Broadband Network, and all the goings on in government IT.

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10 comments
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  • I've said it before...

    "There had been concern from the party that NBN Co would lock in rigid four-year contracts in order to retain as much of the existing rollout schedule as possible in the event of a change of government."

    I hope that this is exactly what they are doing. Part of the job of NBNCo is to manage the risk (political or otherwise) to their business objectives. Four year contracts are an effective way to achieve this and would hopefully allow the rollout to get past a tipping point, whereby the Coalitions half-arsed plan isn't feasible anymore.
    RealismBias
    • NBNCo will be dead by Nov

      Yet you want them to sign multi-year, billion dollar contracts?

      Action against the Directors on the basis of their primary responsiblitiy to shareholders (taxpayers) might be possible. Their shareholders are not the Labor party.

      Funny to read he continue attacks of 457 visa, ironic given the number of contractors used for the NBN. What a government, halarious;-)
      Richard Flude
      • Speaking of 'halarious' things have you had a chance to get that page number yet Fluddy?
        Hubert Cumberdale
      • Yes halarious (sic)

        Yes, that is part of their job Richard, until such time as it is no longer their job.

        So what, you expect the government to stop governing and NBNCo to stop building, because the Coalition are ahead in the polls?

        Seriously :/

        Regardless, did your cable partners miss out again... damn eh. No wonder we (well you) hate NBNCo so much... maybe next time ;)

        Oh well, perhaps now you'll have time to find that corporate plan page for HC.

        Ooh BTW hilarious indeed, almost as hilarious as someone who claims to be highly schooled and intelligent spelling hilarious... halarious
        RS-ef540
        • "So what, you expect the government to stop governing and NBNCo to stop building, because the Coalition are ahead in the polls?"

          RS you would think with someone so concerned about NBN delays you'd assume the answer would be "No". Apparently not. I know what you are thinking but I am just as curious as you about the seemingly contradictory viewpoints too... perhaps it's just a day in the life of an irrational anti-NBN crusader.
          Hubert Cumberdale
          • He should...

            ... stick to counting cars (oh look a Corolla... 1) HC and leave the important stuff like the NBN to the men ;)
            RS-ef540
    • Personally I think that the coalitions half-arsed plan isn't feasible at any stage since it'll take a while to get their FttN patchwork ball rolling. If you think about with two year contracts there will most likely be a gap where nothing will be happening so they'll have to make a decision to either press on with the FttP plan or wait for FttN. Will be interesting regardless. I got my popcorn ready.
      Hubert Cumberdale
  • Munch munch

    "Gee HC your bum tastes so good" thanks RS yours too. Gee I wonder what life would be like if we didn't have each other to validate our lives.

    Sigh!....... I love you hobby

    Gosh!.........I love you too RS
    Sultanabran
    • Yes yes...

      Blah, blah...

      *yawn*
      RS-ef540
    • Kiddie's Playtime

      Yippee! Mummy's letting me play on her PC again...
      Sultanabran-