Australia's Ventia hits all-time high on National Broadband Network contract

Ventia Services

11/10/2024 03:25

** Shares of Ventia Services  VNT.AX  rise as much as 1.7%
to hit a record high of A$4.67
    ** The infrastructure services provider says it is awarded
new developments contract by Australia's National Broadband
Network (NBN)
    ** Says under contract, co to undertake survey and
construction for extending NBN's fibre network and installing
broadband infrastructure to various locations
    ** Says contract expected to generate A$150 mln ($101.09
mln) in revenue over the next three years
    ** Stock up 47.3% YTD, as at 0216 GMT

    ($1 = 1.4839 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))