Carillion JV Gets 3-Year Extension to Openreach Framework Pact
February 02 2017 - 2:29AM
Dow Jones News
LONDON--Carillion PLC (CLLN.LN) said Thursday its 60:40 joint
venture company, Carillion telent, has signed a three-year
extension to its framework agreement with Openreach, a division of
BT Group PLC (BT), worth up to 900 million pounds ($1.14 billion)
in revenue.
The support services firm said the initial three-year period
runs until the end of 2021, and could be extended for up to five
years.
Carillion's share of the initial contract is worth GBP500
million, and this could rise to GBP900 million if it gets
extended.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
February 02, 2017 03:14 ET (08:14 GMT)
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