GenusPlus Group Ltd (ASX:GNP) Secures $130 Million NBN Contract
Contract Details
National essential power and communications infrastructure provider GenusPlus Group Ltd (ASX:GNP) has been awarded a new contract with NBN Co valued at approximately $130 million. The company will provide design and construction services to deploy additional fibre infrastructure to around 22,000 properties in Western Australia’s North and South regions over a 3.5-year period.
Executive Comments
Managing Director David Riches stated, “We are delighted to have secured this important contract and we look forward to continuing to develop our relationship with nbn as a key delivery partner; completing the works safely, efficiently, and on time.”
Company Growth
This contract marks another step forward in GenusPlus Group’s growth trajectory, highlighting the company’s progress towards becoming a nationally scaled, Tier 1 contractor in Australia’s critical infrastructure sector.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended GenusPlus Group. The Motley Fool Australia has recommended GenusPlus Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
