Downer EDI Limited (ASX:DOW) Awarded $500M Chorus FSA
Contract Details
Downer EDI Limited has been awarded a new seven-year Field Services Agreement by Chorus Limited, valued at over NZ$550 million (approximately A$500 million). The agreement replaces and expands the current FSA held since 2022 and commences on 1 April 2025. Downer will provide services across the South Island and lower and central North Island, including construction and augmentation of the fibre network, maintenance and restoration of copper and fibre networks, customer connections, and maintenance in single dwelling, multi-dwelling, and commercial premises.
Executive Comments
Chief Executive Officer Peter Tompkins stated, “We are a leader in the telecommunications sector in Australia and New Zealand, with the core capability and technical expertise to support the evolution of our customers’ networks. This contract expands the scale of services Downer delivers under the FSA, reflecting our track record of exceptional performance and strong relationship with Chorus. We look forward to furthering our partnership with Chorus to provide end-to-end technology and communications solutions, and are committed to enhancing Chorus customers’ experience as they connect to the network or have faults repaired.”
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