Magic Quadrant for Enterprise Backup/Recovery

Syntheo, the joint venture between Service Stream and Lend Lease has secured the NBN Co construction contracts for South Australian and the Northern Territory.

The $AU141 million Syntheo contract covers the design and construction of the fibre optic network in both states over two years. The contract has an additional two year extension option and is executed would value the project at up to $AU341 million.

Syntheo had already secured the two year construction contract for West Australia valued at $AU170 million.

NBN Co Head of Construction, Dan Flemming said “this contract completes the picture for the NBN as we are now in a position to start rolling out the National Broadband Network in every state and territory across Australia.”

Design and preliminary works are already underway in Darwin and the Adelaide suburbs. Under the deployment schedule Syntheo will design and construct nine sites in South Australia covering more than 63,000 premises and two sites in the Northern Territory covering 22,000 premises.

"This means construction of the NBN will soon ramp up to connect tens of thousands of households, schools and businesses across SA and the Northern Territory. The contract with Syntheo follows diligent and extensive negotiations by NBN Co to ensure terms of the agreement deliver value for money for taxpayers," said Finance Minister Penny Wong said. ®

Magic Quadrant for Enterprise Backup/Recovery