APN Outdoor Group
(ASX:APO) has won an extension on its State Transit contract with Sydney Buses, for a further five years, on improved financial terms.
The outdoor advertising company says the new contract involves nearly 2,000 buses, across over 12 city depots.
The company says as Sydney Buses are the dominate provider of transport advertising, the new contract is of strategic importance to APN Outdoor’s identity.
APN Outdoor has held a contract with Sydney Buses for over two decades.
Shares in APN Outdoor Group
(ASX:APO) are trading 3.03 per cent higher to $4.76.
