TE Connectivity scores $400 million contract with the Australian NBN program

TE Connectivity (NYSE: TEL), the new vendor created from the merger of the former Tyco Electronics and ADC, is already making an impression as the company has been awarded a network connectivity contract for the Australian government's National Broadband Network (NBN) program.

Under the terms of the five-year, $400 million deal, with an initial purchase commitment of $100 million, TE Connectivity will provide necessary passive optical equipment to the NBN Co.

Previously, TE Connectivity and ADC had won contracts of over $4 million to supply passive optical equipment into NBN Co's First Release sites that are already being built.

In addition to working with TE Connectivity, NBN Co. has awarded contracts to Alcatel-Lucent (NYSE: ALU) for GPON equipment and professional services (engineering and testing).

For more:
- see the release

Related articles:
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Telstra shareholders put NBN sale vote on hold
Telstra realigns management team, names new COO
Australian competitor carriers rail against NBN Co.'s pricing structure

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