GenusPlus Group Ltd. announced it has secured (through subsidiaries) a new communications Statement of Work with an opportunity to deliver circa $40 million over the term of the Agreement. The Supply Agreement with Telstra Corporation Limited is for the Copper Cable Recovery and Disposal program. The Statement of Work falls under the existing Telstra Supply Agreement and is for a period of 3-years, plus two optional 1-year extensions.

The works across Australia are scheduled to commence immediately. The Cable Recovery Program will see the removal of underground cables as part of the Telstra exchange decommissioning program and includes the hauling, installation, termination, testing, recovery and recycling of the Telstra copper cable network.