AGL Energy awards Service Stream new contract

Company News

AGL Energy Limited (ASX:AGL) has awarded a new metering field services contract to provider of network services Service Stream Limited (ASX:SSM)
 
Under the deal Service Stream will provide AGL with a range of installation, commissioning, maintenance, logistics and customer contact centre services. 
 
The initial term of the contract is for three years, with the option of two one-year extensions. 
 
Service Stream expects to generate revenues of more than $50 million over the initial term. 
 
AGL Energy reported a net profit of $308 million in the first half of the 2015 financial year.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?