Service Stream records $19.5m loss due to Syntheo JV
Service Stream has incurred a $19.5 million loss due to its 50 per cent stake in Syntheo, which is rolling out the National Broadband Network (NBN) in Western Australia and South Australia.
Service Stream has incurred a $19.5 million loss due to its 50 per cent stake in Syntheo, which is rolling out the National Broadband Network (NBN) in Western Australia and South Australia.
Lend Lease has recorded a $17.8 million loss due to the embattled Syntheo joint venture between Lend Lease and Service Stream.
The embattled Syntheo joint venture between Lend Lease and Service Stream will not have its National Broadband Network (NBN) contracts extended following the completion of its work in progress, expected to be finished by early 2014.
NBN Co has signed a three-year contract with SA Power Networks to roll out fibre broadband to 300,000 premises in Adelaide and regional South Australia.
Premises in Darwin will be able to sign up for fibre National Broadband Network (NBN) connections for the first time this week.
Service Stream has requested an extension of its trading halt on the Australian Stock Exchange amid reports it is looking to offload its Syntheo joint venture.
NBN Co construction partner Service Stream has again extended its trading halt on the Australian Stock Exchange pending an announcement about Syntheo.
NBN Co construction partner Service Stream has extended its trading halt until Monday next week pending an announcement in relation to Syntheo.
Service Stream’s managing director, Graeme Sumner, will step down from the company by the end of this month.
NBN Co has further slashed its June target for premises passed from 286,000 to as few as 190,000.
Shadow Minister for Communications Malcolm Turnbull has told parliament he understands that NBN Co will announce it won’t meet its June target for premises passed.
Fibre services for the National Broadband Network (NBN) has been switched on in Coffs Harbour, NSW.
NBN Co commenced or completed construction on 758,000 premises by the end of 2012 for the National Broadband Network (NBN).
A $141 million deal between NBN Co and joint venture company, Syntheo, to build the National Broadband Network (NBN) in South Australia and the Northern Territory has been signed.