Essential services provider Ventia has today been awarded a significant contract with Telstra (ASX: TLS).

The three-year Field Optimisation Contract has estimated revenue of $570 million based on expected volumes*.

Ventia's scope of work will include the delivery of:

• Network services, including mobile and wideband 
• National optic fibre and data and IP services
• Maintenance and building services to more than 40,000 exchange and network assets
• Network integrity and facilities management of exchanges and other network sites.

This latest contract builds on Ventia's 25-year relationship with Telstra (under its former Visionstream brand). This experience is complemented by Ventia's recent integration with Broadspectrum, where the telecommunications capabilities of both businesses have been brought together under one banner. 

"The Telstra Field Optimisation contract provides us with an opportunity to strategically partner with Telstra as it simplifies its business," said Tim Harwood Ventia's Group Executive, Telecommunications.

"This will be achieved by delivering the highest-quality field operations for Telstra at a lower cost that is based on economies of scale, effective optimisation programs and improved ways of working supported by digital enhancements," said Mr Harwood.

^{*Contract revenue is an estimate only and is based on predicted volumes.}