Ventia Services Group (ASX:VNT, NZE:VNT) secured a new agreement valued at about AU$100 million with partner and New Zealand-based wholesale fiber provider Tuatahi First Fibre, according to a Friday filing with the Australian and New Zealand bourses.
The contract with an initial term of five years will start on July 1, the filing said.
Shares of the company fell past 1% in recent Friday trade in Australia.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.