The deal has been sealed. Telstra (ASX: TLS) will build out the Queensland Government’s wireless network for a grand total of $457.3 million. The 15-year partnership between the government, Telstra, and Motorola Solutions has been signed off by all parties, paving the way for a more connected public sector.
“Queensland’s Government Wireless Network is designed to support critical community services including police, fire and ambulance services,” said Telstra Executive Director for Government and Not for Profit work Chris Pearce in a statement today. “We look forward to building a communications system for public service agencies that will provide better coverage and functionality for public safety agencies to assist the community.”
While the partnership is set for 15 years, the main push for the project comes from more imminent Queensland events. Brisbane, the Gold Coast, and Cairns are Telstra’s top priority before the 2014 G20 summit meetings. From there, the company will expand its networks to the rest of the South-East in time for the 2018 Commonwealth Games.
To a corporation, government contracts are the holy grail of sustainable clients. For investors, dividend stocks offer a similarly sustainable fix. Discover The Motley Fool’s favourite income idea for 2013-2014 in our brand-new, FREE research report, including a full investment analysis! Simply click here for your FREE copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”
Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.
This Tiny ASX Stock Could Be the Next Afterpay
One little-known Australian IPO has doubled in value since January, and renowned Australian Moonshot stock picker Anirban Mahanti sees a potential millionaire-maker in waiting...
Because 'Doc' Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget 'buy now pay later', this stock could be the next hot stock on the ASX.
Doc and his team have published a detailed report on this tiny ASX stock. Find out how you can access what could be the NEXT Afterpay today!