Australia's Ventia Services gains on infrastructure agreement with Telstra

Ventia Services

20/12/2024 24:11

** Shares of Ventia Services  VNT.AX  rise as much as 3.3% to A$3.565, their highest since
Dec. 13
    ** Infrastructure provider says it signed a five-year agreement with Telstra  TLS.AX  to
support digital infrastructure
    ** Ventia sees partnership to generate over A$400 million ($249.24 million) in annual
revenue for co
    ** Stock posts its biggest intraday pct gain since Dec. 17
    ** VNT up 13.1% YTD

($1 = 1.6049 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com))