Prysmian wins contract to supply broadband to Australia

Prysmian Cables and Systems has been awarded a major contract by the Australian government-owned NBN, for the supply of fibre-optic cables for the development of the new national broadband network.

Total value of the contract secured by Prysmian Telecom Cables and Systems Australia is up to €223m (£140m) over five years, with an initial purchase order of €112m.

Through its partnership with NBN, Prysmian is helping the Australian Government to achieve its vision of a next-generation broadband network and will be an integral part of the largest national building infrastructure project in Australia’s history.

In order to enhance its Australian-based manufacturing and assembly capacity, Prysmian will invest around €10m to manufacture the specialised cables at its manufacturing facility in Dee Why, Australia, expanding its operations as part of a commitment to source in Australia approximately 80 per cent of the value of its contract with NBN.