SYDNEY: Essential services provider Ventia has announced award of a significant contract with Telstra. The three-year Field Optimisation Contract has estimated revenue of $570 million based on expected volumes. Ventia’s scope of work will include the delivery of: •Network services, including mobile and wideband •National optic fibre and data and IP services •Maintenance and building…
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Ventia receives regulatory approvals for Broadspectrum acquisition
SYDNEY, AUSTRALIA: Ventia has been notified by the Foreign Investment Review Board (FIRB) that the Australian Government has no objection to Ventia’s proposed acquisition of Broadspectrum. Under the terms of the agreement with Ferrovial, completion of the acquisition is expected to occur on 30 June 2020. Ventia’s Chairman, Mr. David Moffatt, said: “We look forward…
Ventia to purchase Broadspectrum for A$485 million
SINGAPORE: Infrastructure services company, Ventia has signed an agreement with Ferrovial S.A. to purchase Broadspectrum, subject to standard conditions and regulatory approvals. The acquisition is for an equity value of A$485 million. Ventia has fully committed financing for the transaction through existing funding and acquisition debt finance. The acquisition is expected to close in 2020.…