REG - Telstra Corp. Ld - Telstra and nbn announce HFC delivery agreement <Origin Href="QuoteRef">TLS.AX</Origin>

TelstraAnnouncement

11/04/2016 07:05

RNS Number : 7183U
Telstra Corporation Ld
11 April 2016
11 April 2016
The Manager
RNS
Telstra Corporation Limited
Office of the Company Secretary
Level 41
242 Exhibition Street
MELBOURNE VIC 3000
AUSTRALIA
General Enquiries 61 8 8308 1721
Facsimile 61 3 9632 3215
Email:
companysecretary@team.telstra.com
ELECTRONIC LODGEMENT
Dear Sir or Madam
Telstra and nbn announce HFC delivery agreement
In accordance with the Listing Rules, I attach a copy of a market release, for release to the market.
Yours faithfully
Damien Coleman
Company Secretary
MARKET RELEASE
Telstra and nbn announce HFC delivery agreement
11 April 2016 - Telstra has today signed a new contract with nbn worth approximately $1.6 billion to provide Planning, Design, Construction and Construction Management services within the existing Telstra Hybrid Fibre-Coaxial (HFC) footprint.
The works are expected to continue until the end of the nbn build, slated to be completed by 2020, and include geographic areas within the Telstra HFC network footprint in Sydney, Melbourne, Brisbane, Gold Coast, Perth and Adelaide. 
All design, program management, construction management and scheduling activities will be undertaken by Telstra. Construction is split into two areas - field construction activities will largely be performed by nbn's MIMA partners, while in-exchange construction activities and limited upstream in-field activities will be undertaken by Telstra. 
The Multi Technology Mix (MTM) network architecture will be deployed to deliver nbn broadband capability in the areas covered by the existing Telstra HFC footprint, expected to mainly involve the HFC access technology. 
Under a Memorandum of Understanding (MoU) and Letter of Intent (LoI) signed by the parties late last year, Telstra has undertaken some early works to support the build of the nbn network in the existing HFC footprint. This has included preparing nbn exchange locations and HFC planning and design work.
Telstra CEO Andrew Penn said he was pleased to have come to such an important agreement with nbn.
"We have a very strong relationship with nbn and I am pleased that we have reached an agreement and can support nbn in building out the nbn network in the existing Telstra HFC footprint," said Mr Penn.
"Telstra has a long and proud history in network construction and we believe we will bring great expertise to this important part of the nbn network. We are already mobilising our workforce to ensure we support nbn in their roll out schedule. 
"We look forward to working with nbn on this significant program of work, helping to bring the nbn network to millions of homes and businesses."
Late last year Telstra was awarded two new contracts as one of the network service and assurance providers to nbn and this work has already commenced. Telstra was also engaged to work with nbn on the successful 1000-node trial including Fibre To The Node (FTTN) design and construction as well as further design work under a Planning and Design Services Agreement. 
ENDS 
Media contact: Nicole McKechnie, +61 (0) 429004617
Email: media@team.telstra.com
www.telstra.com.au/abouttelstra/media-centre/
Investor contact: Peter Kopanidis, +61 (0) 412171673
Email:investor.relations@team.telstra.com
Ref number: 047/2016

This information is provided by RNS
The company news service from the London Stock Exchange
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