Carillion PLC Carillion Extends Openreach Framework Agreement (8169V)
February 02 2017 - 1:00AM
UK Regulatory
TIDMCLLN
RNS Number : 8169V
Carillion PLC
02 February 2017
2 February 2017
Carillion joint venture signs extension to framework agreement
with Openreach with a potential value of up to GBP1.5 billion
Carillion telent, a 60:40 Joint Venture, has signed a 3-year
extension (extendable to 5 years) to its framework agreement with
Openreach, a division of BT plc, under which Carillion telent will
provide a wide range of services. These include the maintenance,
extension and repair of the telephone and data network in the North
East, Midlands & Wales, South West and London & North Home
Counties of England.
The extension also includes the delivery of asset assurance
works, notably poling and related activities, for England and
Wales. The initial 3-year period runs until the end of 2021.
This builds on an eight-year partnership between Openreach and
Carillion telent, during which Carillion telent has been
Openreach's main delivery partner for the management, maintenance
and upgrading of its broadband network.
The framework is expected to generate up to GBP900 million of
revenue over three years (Carillion's share over GBP500 million)
and potentially up to GBP1.5 billion over five years (Carillion's
share up to GBP900 million), as the agreement provides for a
two-year extension, subject to performance.
Carillion Chief Executive, Richard Howson said: "We are
delighted to have agreed this extension to our framework agreement
with Openreach that reflects the strong partnership we have built
with Openreach over the last eight years as its main delivery
partner for the management, maintenance and upgrading of its
broadband network. We look forward to continuing this relationship
and to supporting Openreach in delivering its objectives for
further enhancing the services it provides for its customers."
Notes to Editors
Carillion is a leading integrated support services company with
a substantial portfolio of Public Private Partnership projects,
extensive construction capabilities and a sector leading ability to
deliver sustainable solutions. The Group had annual revenue in 2015
of some GBP4.6 billion, employs around 46,000 people and operates
across the UK, in the Middle East and Canada.
The Group has four business segments.
Support services - this includes facilities management,
facilities services, energy services, utilities services, road
maintenance, rail services, remote site accommodation services and
consultancy services in the UK, Canada and the Middle East.
Public Private Partnership (PPP) projects - this includes
investing activities in PPP projects for Government buildings and
infrastructure mainly in the Defence, Health, Education, Transport
and Secure accommodation sectors in the UK and Canada.
Middle East construction services - this includes building and
civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this
includes building, civil engineering and developments activities in
the UK and construction activities in Canada.
www.carillionplc.com
For more information
John Denning, Director Group Corporate
Affairs, Carillion plc +44 (0) 1902 906333
Bell Pottinger
+44 (0) 203 772
Liz Morley or Sam Cartwright 2588
This information is provided by RNS
The company news service from the London Stock Exchange
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