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Downer Secures $500M Telco Field Services Deal with Chorus NZ

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Downer Secures $500M Telco Field Services Deal with Chorus NZ

Downer EDI Limited ( (AU:DOW) ) has provided an announcement.

Downer EDI Limited has secured a new seven-year Field Services Agreement with New Zealand’s Chorus Limited, valued at over NZ$550 million. This contract, commencing in April 2025, expands Downer’s service scope to include construction, maintenance, and customer connections for the fibre and copper networks across significant regions in New Zealand. The agreement underscores Downer’s leadership in the telecommunications sector and its long-standing partnership with Chorus, enhancing its industry positioning and commitment to delivering comprehensive technology solutions.

More about Downer EDI Limited

Downer EDI Limited is a leading provider of integrated services across Australia and New Zealand, focusing on delivering and maintaining essential infrastructure. The company operates in sectors such as telecommunications, energy networks, roads, rail, and more, driven by demands in energy transition, infrastructure expansion, and government services. With over 26,000 employees, Downer is one of the largest private sector employers in the region.

YTD Price Performance: 7.19%

Average Trading Volume: 730

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €2.25B

For an in-depth examination of DOW stock, go to TipRanks’ Stock Analysis page.

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