Ventia (ASX:VNT) has been awarded a new agreement with Tuatahi First Fibre (Tuatahi) valued at approximately AUD$100 million for an initial five-year period.

Ventia is the primary service partner delivering fibre build, customer connections and maintenance across New Zealand for Tuatahi. The new agreement builds on our long-standing partnership and aligns with Ventia’s strategy to redefine service excellence through customer focus, innovation, and sustainability.

Tuatahi CEO John Hanna said: "We’ve built a strong and trusted relationship with Ventia over the past 14 years, and this new agreement is a critical step in our ongoing commitment to delivering excellent service to fibre broadband retailers and consumers. Ventia has a proven track record in fibre services and shares our commitment to customer excellence. As demand for reliable, high-speed broadband continues to grow, we’re confident this partnership will help us scale effectively, respond quickly, and maintain high performance across our network – connecting more New Zealanders to world-class fibre broadband”.

Ventia’s Group Chief Executive Officer and Managing Director, Dean Banks said:

We are proud of our long-term partnership with Tuatahi and are excited to further extend our relationship with a model that enables growth and operational efficiencies. Ventia maintains a strong presence in New Zealand and is committed to supporting the country’s digital future as a leading provider of telecommunications and digital infrastructure services.

The new agreement will commence from 1 July 2025.