Carillion PLC (CLLN.L) said a Carillion-telent joint venture has signed a 7-year contract to provide nationwide support services for Openreach, BT's local access network business. The integrated joint venture will be a 60:40 Carillion-telent partnership. British Telecommunications plc, or BT, is a wholly-owned subsidiary of BT Group plc (BT, BT-A.L).
As per the contract, which follows a letter of intent signed in August this year, the joint venture will deliver a range of engineering, support and maintenance services, consolidating work currently carried out by a number of outsourced suppliers. Services will include delivery of support and installation services, asset management and maintenance, across Openreach's five regions - London and Home Counties, the South East, Midlands, Wales and West, the North, and Scotland.
Transition arrangements are now in place and the team is in the process of transferring work from the seven existing outsourced contracts over to Carillion-telent as one, consolidated single supplier.
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