Service Stream confirms earnings guidance hit

Specialist telecoms construction firm Service Stream Ltd has confirmed its full-year profit will take a hit on its troubled Syntheo joint venture and has extended its trading halt for another two weeks to "clarifies a number of issues" in a review of the group and its broader fixed communication segment.

Specialist telecoms construction firm Service Stream Ltd has confirmed its full-year profit will take a hit on its troubled Syntheo joint venture and has extended its trading halt for another two weeks to "clarifies a number of issues" in a review of the group and its broader fixed communication segment. 

Speculation has been mounting that Syntheo, a joint venture between Lend Lease and Service Stream, was on the brink of being of being terminated, which would have ramifications for the rollout of the national broadband network.  

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