New $500m telco field services agreement with Chorus NZ

GENERAL
Fri, Feb 28 2025 08:31 am

Downer EDI Limited (Downer) today announced it had been awarded a new seven-year Field Services Agreement (FSA) by New Zealand telecommunications infrastructure provider, Chorus Limited (Chorus), valued at more than NZ$550 million (~A$500 million).

The contract replaces and expands the scope of the current FSA, which Downer has held since 2022. Under the new FSA, which commences on 1 April 2025, Downer will provide services spanning the South Island and lower and central North Island.

The scope of work covers construction and augmentation of the fibre network, copper and fibre network maintenance and restoration, customer connections, and maintenance in single dwelling, multi-dwelling and commercial premises.

The Chief Executive Officer of Downer, Peter Tompkins, said Downer was proud to be a long-term partner of Chorus, having supported the build and operation of their network for more than 20 years.

“We are a leader in the telecommunications sector in Australia and New Zealand, with the core capability and technical expertise to support the evolution of our customers’ networks,” Mr Tompkins said.

“This contract expands the scale of services Downer delivers under the FSA, reflecting our track record of exceptional performance and strong relationship with Chorus.

“We look forward to furthering our partnership with Chorus to provide end-to-end technology and communications solutions, and are committed to enhancing Chorus customers’ experience as they connect to the network or have faults repaired.”


Authorised for release by Downer’s Chief Executive Officer, Peter Tompkins


For further information please contact:
Media: Mitchell Dale, General Manager Corporate Affairs +61 448 362 198
Investors: Mel Buffier, Group Head of Investor Relations +61 411 622 899


Announcement PDF


Markets News

NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025
Markets

Transpower cautious over hydro lake level rule changes

Transpower can authorise hydro lakes to dip further.

Ian Llewellyn 23 Apr 2025
Transpower cautious over hydro lake level rule changes
Markets The small cap wrap

Why this tech firm sees a Trump tariff opportunity

Plus IkeGPS' wins in the US, Trade Window targets trade war, TruScreen, and more.

Why this tech firm sees a Trump tariff opportunity