Service Stream Ltd. engages in the provision of telecommunications and network services. The company is headquartered in Melbourne, Victoria and currently employs 4,500 full-time employees. The company operates through two segments. Telecommunications provides a range of operations, maintenance, installation, design and construction services to the owners of fixed-line and wireless telecommunication networks in Australia. Service capability includes customer connections, service and network assurance, site acquisition, engineering, design, construction and installation of broadband, wireless and fixed-line project services. Utilities provides operations, maintenance, design and construction services, as well as a range of specialist metering, new energy and inspection services to gas, water and electricity network owners and other customers in Australia. Service capability includes asset upgrades and replacement, engineering, design and construction of network assets and energy-related products, meter reading and network assurance.
Service Stream (ASX: SSM)
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Service Stream wins contracts with NBN and AGL worth $340 million, offer relief after a tough year
July 21, 2023
Network services provider Service Stream (ASX: SSM)—specialising in building and maintaining wireless networks, roads, electrical lines and more—has won two new agreements, poised to generate approximately $340 million in revenue over their respective terms. The news comes as a significant boost for the Company amidst recent financial challenges. Managing Director, Leigh Mackender, commented, “As a
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