BT Openreach

Image source: AndyRobertsPhotos

02 Feb

2017

Do you do business in your region? Sign up to our daily bulletin to keep up-to-date.

Image source: AndyRobertsPhotos

Industrials

Carillion JV extends Openreach agreement in potential £1.5bn deal

Posted by on 02 Feb 2017

Carillion has announced that its joint venture with telent has signed a multi-year extension to its framework agreement with Openreach which could net the firm up to £1.5bn.

The deal for Carillion telent, its 60:40 JV, will see its provide maintenance, extension and repair services for BT’s Openreach network across the UK for a further three years, with the potential to extend the agreement by a further two years subject to performance.

With the initial three-year period now running to 2021, the JV will continue to provide services, including the delivery of asset assurance works, to the North East, Midlands and Wales, South West, London and the North Home Counties.

Carillion said it expects the framework to generate £900m of revenue over three years for both firms and potentially up to £1.5bn over five years.

Carillion Chief Executive, Richard Howson commented: "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."

Today’s agreement builds upon the eight-year partnership that Carillion telent and has developed with Openreach, where it has been the main delivery partner for the management of its broadband network.

Read more in these areas:

#National #construction #digital #infrastructure
Sponsored Content
UK Ex-Pats Make Case For Move Stateside

Distressed Americans looking to flee Donald Trump’s Presidency swamped Google…

North East web design agency Peacock Carter delivers NHS contract

Web design agency Peacock Carter won the contract after impressing Sheffield…

Survey calls for businesses to have their say in cutting through red tape

Partners delivering a programme designed to help businesses cut through…

Monpellier offer different software solution in the North East & Cumbria

If every business is different then it begs to reason…

Sponsor your content →