Service Stream signs new metering field services contract

Service Stream (ASX:SSM) has entered into a new metering field services contract with Active Stream a wholly-owned subsidiary of AGL Energy (ASX:AGK).

Under the contract Service Stream’s Energy & Water division will provide Active Stream with a range of installation commissioning maintenance logistics and customer contact centre services.

The contract has an initial term of three years with the option of two one-year extensions.

Whilst the new agreement does not provide guaranteed volumes Service Stream estimates aggregate revenue may be in excess of $50 million over the initial term.

Service Stream is a provider of essential network services to the telecommunications energy and water industries.

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