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HOCHTIEF Secures Contract Extension for Broadband Network in New Zealand - HOCHTIEF has secured a contract extension to continue construction of a broadband network in New Zealand - HOCHTIEF.com
HOCHTIEF Secures Contract Extension for Broadband Network in New Zealand

 

NewswireToday - /newswire/ - Essen, Germany, 2013/04/17 - HOCHTIEF has secured a contract extension to continue construction of a broadband network in New Zealand - HOCHTIEF.com.

   
 
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• Leighton Contractors’ subsidiary Visionstream constructs cable network for over USD 423.5 million (approx. EUR 323.3 million);
• Further contract in the strategic field "social and urban infrastructure".

HOCHTIEF has secured a contract extension to continue construction of a broadband network in New Zealand: In the next six years, subsidiary Visionstream will deploy additional cable infrastructure in the greater Auckland region for the Ultra Fast Broadband (UFB) network of national telecommunication and data services provider Chorus. Visionstream has been working for the large-scale projects-scheduled for a total period of eight year-for some time already. The contract extension is worth over USD 423.5 million (approximately EUR 323.3 million) and belongs to the strategic area “social and urban infrastructure”.

In the important business region Auckland, Visionstream is the number one provider of construction services related to telecommunication and data networks. In addition, the company is responsible for the Rural Broadband Initiative (RBI) which is planned to supply the north of New Zealand with modern data lines.

About HOCHTIEF

HOCHTIEF (hochtief.com) is one of the world's leading construction groups. We have excelled for 140 years in our core competency of construction. Our focus is on complex infrastructure projects, many of which we deliver on the basis of concession models. We additionally develop and operate real estate and facilities.

With almost 80,000 employees and a sales volume of EUR 25.53 billion in FY 2012, the company is represented in all the world's major markets. The 2012 ranking from Engineering News-Record magazine reaffirmed our Group's status as the world's most international provider, with over 90% of sales outside of Germany.

 
 
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Written by / Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Secures Contract Extension for Broadband Network in New Zealand

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HOCHTIEF AG |
Publisher Contact: Christian Gerhardus - HOCHTIEF.com 
+49 201 824 2642 presse[.]hochtief.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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