Service Stream Set To Roll Out Optus 5G Network

Service Stream (ASX: SSM) has scored a 5G wireless design and construction agreement from Optus. Specifically, Optus Mobile has given Service Stream a statement of works (SoW) for mobile deployment under a pre-existing group master supply agreement with Optus’s parent Singtel.

Service Stream will provide site acquisition, design and construction services nationally for the Optus 5G network. The agreement also covers site upgrades, small cell and RANCAP services for existing 4G infrastructure, subject to future negotiations. The SoW is for three years, with the option of a one-year extension.

Service Stream managing director Leigh Mackender said the company now had arrangements in place to provide acquisition, design and construction services on all three Australian mobile networks.

He said the agreement did not guarantee revenues but estimates it would be worth $40 million over the first two years, starting from Q3 of FY20.

Optus announced in January plans to have 1200 5G cell sites in operation by March 2020 (CDN 2/2/19).