Service Stream to post FY loss on Syntheo

Group to pull out of WA, SA NBN contracts on completion of current work.

Specialist telecoms construction firm Service Stream will book a full-year loss on its troubled Syntheo joint venture with Lend Lease and will pull the contractor off the NBN.

On exiting an extended trading halt, Service Stream said it would book an EBITDA loss of $13 million for the year to June 30, after taking a hit of more than $30 million in its fixed communications segment.

Net debt would come in at $52 million.


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