Australia's Ventia Services Group up on Telstra contract

Ventia Services

06/12/2023 05:02

** Shares of Ventia Services Group  VNT.AX  rise as much as
2.3% to A$3.060, hitting their highest level since July 21
    ** Stock on track for best day since Nov. 30, if gains hold
    ** Infrastructure services provider wins contract extension
with Telstra Group  TLS.AX  for telecommunication asset and
equipment relocation, among others
    ** Co adds agreement is expected to deliver revenue of about
A$340 mln ($223.8 mln) over the next 12 months
    ** Stock has risen 24.1% this year, as of last close

($1 = 1.5193 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))