LONDON--Carillion PLC (CLLN.LN) said Thursday its 60:40 joint venture company, Carillion telent, has signed a three-year extension to its framework agreement with Openreach, a division of BT Group PLC (BT), worth up to 900 million pounds ($1.14 billion) in revenue.

The support services firm said the initial three-year period runs until the end of 2021, and could be extended for up to five years.

Carillion's share of the initial contract is worth GBP500 million, and this could rise to GBP900 million if it gets extended.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

February 02, 2017 03:14 ET (08:14 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Carillion (LSE:CLLN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Carillion Charts.
Carillion (LSE:CLLN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Carillion Charts.