Telecommunications services provider Visionstream has secured a four-year contract with New Zealand's largest telecommunications infrastructure provider, Chorus, to connect more Chorus’ customers to the country’s Ultra-Fast Broadband (UFB) network.
The new agreement is expected to generate revenues of around NZ$390 million for Visionstream and consists of an existing contract of around NZ$190 million and new work of around NZ$200 million.
The new contract, with an option to extend for a further four years, will see Visionstream, a division of Ventia, expand its operation into Hutt Valley, Masterton, Napier, Hastings and Gisborne in the North Island and Ashburton, Timaru, Oamaru, Queenstown, Invercargill and Dunedin in the South Island.
Visionstream has provided services to Chorus since 2009, including the design and build of the UFB network in Auckland, and the Rural Broadband Initiative (RBI) across the upper North Island.
{loadposition peter}The company connects Chorus customers to the UFB network in Auckland, Wellington City and South, Porirua, Kapiti and Manawatu.
“Under this new agreement Visionstream will deliver more customer connections to the UltraFast Broadband in more locations across New Zealand,” Richard Kelleway, chief executive, Visionstream, said. “We are very pleased to continue to expand our partnership with Chorus and play a role in delivering faster technology to homes and business across the country.”
“Chorus is pleased to further extend its relationship with Visionstream. Visionstream’s operating model has proven to be very effective in attracting new crews and lifting performance as we meet very high levels of demand for fibre across New Zealand,” said Mark Ratcliffe, chief executive of Chorus.