Contractor also posts trading update confirming it will shrink this year

Fiberoptic

A Carillion joint venture has bagged a 拢500m deal to deliver broadband cabling across the UK for BT.

The contract, won with telecoms manufacturer Telent in a 60:40 joint venture, will run for three and a half years and cover 33 local authority regions, with a particular focus on connecting rural communities to super fast broadband.

Carillion will deliver civil engineering, cabling, poling and other infrastructure services.

The news came as Carillion issued a trading statement as it entered a close period ahead of its year end on 31 December.

Carillion said it was trading in line with expectations and confirmed its full year revenue will shrink from last year鈥檚 拢4.4bn figure due to the rescaling of its UK construction business.

The firm鈥檚 support services division continued to be hit by 鈥渢he slow starts to the Green Deal and Energy Company Obligation markets鈥�, which the firm said could lead up to 1,000 redundancies last month.

Carillion said these under-performing markets would lead to 鈥渟lightly lower鈥� revenue and operating margin in its support services division.

The firm鈥檚 UK construction division will also shrink, although the firm鈥檚 Middle East division is expected to grow.

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