Mar 24, 2011
SYDNEY, March 24, 2011 /PRNewswire/ -- TE Connectivity (formerly Tyco Electronics) (NYSE: TEL) today announced that it has been selected as a supplier of network connectivity products for the Australian government's National Broadband Network (NBN) program that will bring high-speed broadband services to the country.
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NBN Co awarded a five-year, $400 million contract to TE Connectivity with an initial purchase commitment of $100 million. This contract award follows TE Connectivity's and ADC's supply to date of more than $4 million of passive optical equipment into NBN Co's First Release sites, which are currently well under construction. TE Connectivity acquired ADC in December, 2010.
"We are thrilled to have been selected again as an NBN Co partner and we look forward to continuing our strong relationship. This is a very important program for NBN Co and for the citizens of Australia. We are proud to be part of the team that will bring high-speed broadband services to Australia," said Alan Clarke, president of TE Connectivity's Network Solutions segment.
ABOUT TE CONNECTIVITY
TE Connectivity is a global, $12.1 billion company that designs and manufactures over 500,000 products that connect and protect the flow of power and data inside the products that touch every aspect of our lives. Our nearly 100,000 employees partner with customers in virtually every industry—from consumer electronics, energy and healthcare, to automotive, aerospace and communication networks—enabling smarter, faster, better technologies to connect products to possibilities. More information on TE Connectivity can be found at http://www.te.com/.
ABOUT NBN Co
NBN Co is an Australian government-owned business enterprise formed in mid-2009 to design, build and operate the national broadband network (NBN). The NBN will enable high-speed broadband to be delivered to all Australian households and businesses through a combination of fibre to the premise, wireless and satellite. NBN Co is operating a wholesale-only, open-access network, and making its wholesale services available to retail service providers on non-discriminatory terms. The total projected capital cost of the 9.5-year construction project is AUD$36B.
SOURCE TE Connectivity