Kalkine: Service Stream (ASX:SSM) Lands $440M Contract in Key ASX300 Fibre Network Upgrade

June 11, 2025 03:23 PM AEST | By Team Kalkine Media

Kalkine: Service Stream (ASX:SSM) Lands $440M Contract in Key ASX300 Fibre Network Upgrade — Image source: Shutterstock

Long-Term Agreement Enhances Strategic Role

The agreement spans an initial term of 3.5 years and includes an optional 2-year extension. Under this arrangement, Service Stream will lead the design and construction work to transition eligible premises from Fibre to the Node (FTTN) to Fibre to the Premises (FTTP). This latest scope of work builds upon the existing N2P Evolution Agreement, which is scheduled to conclude in Q3 2025.

The operational footprint of this contract includes major regions such as Queensland, New South Wales, and Victoria. This ensures continued regional development and positions Service Stream at the forefront of delivering next-generation broadband technology to Australian households and businesses.

Boost to National Connectivity Goals

The FTTP upgrade forms part of a broader national push to future-proof digital infrastructure. By replacing legacy FTTN connections with fibre-optic networks directly to premises, NBN Co aims to significantly improve internet speeds, reliability, and overall user experience. Service Stream’s involvement further reinforces its critical contribution to this goal.

Leigh Mackender, Managing Director of Service Stream, noted that the new contract brings continuity to their existing operations while reinforcing their alignment with Australia’s long-term infrastructure development goals. He expressed pride in the company’s continued participation in what he described as an “important national infrastructure program.”

Strategic Importance for Dividend Seekers

As Service Stream deepens its relationship with NBN Co, the long-term revenue visibility from this agreement enhances its stability as an infrastructure services provider. This could appeal to investors interested in ASX dividend stocks, given the company’s consistent operational contracts and role in critical sectors. Learn more about dividend-focused opportunities.

With its inclusion in the ASX300, Service Stream’s profile is bolstered by its strategic relevance and steady contract wins—elements that may support future performance as part of Australia’s evolving digital economy. You can explore more ASX300 stocks.

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