UXC unit wins $40m in deal extensions

UXC Limited (ASX:UXC) said its Utility Asset Management unit has won $40m worth of contract extensions, including one with Telstra (ASX:TLS)

ICT services and consulting company, UXC Limited (ASX:UXC), has revealed its subsidiary, Utility Asset Management, has won three contract renewals worth up to $40 million between them.

The three deals concentrate on field maintenance and management services, and include an aerial network maintenance project with Telstra (ASX:TLS).

This contract covers pole inspection, reinforcement, relocation and maintenance, and expires in July 2012.

Utilities Asset Management said it will continue to try to develop its business in the telecom industry.

The other two contracts are in the electricity sector, one with Queensland government-owned electricity company Energex, and the second with Western Power.

As well as its expansion into telecom, the Utilities Asset Management business is also expanding its operations internationally, into the UK and the USA.

UXC Limited is split into two operating divisions – the business and professional solutions ICT services group, and its field solutions infrastructure and end-to-end services group.

UXC shares fell 0.81 per cent on Monday to $0.615.

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Tags businessTelstraEnergexUXC LimitedWestern PowertelcosUtility Asset Management (UAM)contract renewals

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