Ventia has been awarded a one-year Field Optimisation contract extension with Telstra Corporation Ltd. The Agreement includes six scopes of work and is expected to deliver revenue of up to approximately $340 million to Ventia over the next 12 months. Ventia's scope of work will include delivery of: Management, design, construction and integration of mobile and wideband networks supporting Telstra's suite of voice, data and IP products. Telecommunication asset & equipment relocation and commercial works services.

Maintenance and building services to more than 40,000 exchange and network assets nationwide. Network integrity and critical infrastructure lifecycle management of exchanges, facilities and other network sites across Australia. The extension builds on Ventia's 28-year partnership with Telstra.

Works under this extension will commence in December 2023.