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RNS Number : 8169V

Carillion PLC

02 February 2017

2 February 2017

Carillion joint venture signs extension to framework agreement with Openreach with a potential value of up to GBP1.5 billion

Carillion telent, a 60:40 Joint Venture, has signed a 3-year extension (extendable to 5 years) to its framework agreement with Openreach, a division of BT plc, under which Carillion telent will provide a wide range of services. These include the maintenance, extension and repair of the telephone and data network in the North East, Midlands & Wales, South West and London & North Home Counties of England.

The extension also includes the delivery of asset assurance works, notably poling and related activities, for England and Wales. The initial 3-year period runs until the end of 2021.

This builds on an eight-year partnership between Openreach and Carillion telent, during which Carillion telent has been Openreach's main delivery partner for the management, maintenance and upgrading of its broadband network.

The framework is expected to generate up to GBP900 million of revenue over three years (Carillion's share over GBP500 million) and potentially up to GBP1.5 billion over five years (Carillion's share up to GBP900 million), as the agreement provides for a two-year extension, subject to performance.

Carillion Chief Executive, Richard Howson said: "We are delighted to have agreed this extension to our framework agreement with Openreach that reflects the strong partnership we have built with Openreach over the last eight years as its main delivery partner for the management, maintenance and upgrading of its broadband network. We look forward to continuing this relationship and to supporting Openreach in delivering its objectives for further enhancing the services it provides for its customers."

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects, extensive construction capabilities and a sector leading ability to deliver sustainable solutions. The Group had annual revenue in 2015 of some GBP4.6 billion, employs around 46,000 people and operates across the UK, in the Middle East and Canada.

The Group has four business segments.

Support services - this includes facilities management, facilities services, energy services, utilities services, road maintenance, rail services, remote site accommodation services and consultancy services in the UK, Canada and the Middle East.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure mainly in the Defence, Health, Education, Transport and Secure accommodation sectors in the UK and Canada.

Middle East construction services - this includes building and civil engineering activities in the Middle East.

Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

www.carillionplc.com

For more information

 
 John Denning, Director Group Corporate 
  Affairs, Carillion plc                   +44 (0) 1902 906333 
 Bell Pottinger 
                                           +44 (0) 203 772 
 Liz Morley or Sam Cartwright               2588

This information is provided by RNS

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