SYDNEY -- TE Connectivity (formerly Tyco Electronics) (NYSE: TEL) today announced that it has been selected as a supplier of network connectivity products for the Australian government's National Broadband Network (NBN) program that will bring high-speed broadband services to the country.
NBN Co awarded a five-year, $400 million contract to TE Connectivity with an initial purchase commitment of $100 million. This contract award follows TE Connectivity's and ADC's supply to date of more than $4 million of passive optical equipment into NBN Co's First Release sites, which are currently well under construction. TE Connectivity acquired ADC in December, 2010.
"We are thrilled to have been selected again as an NBN Co partner and we look forward to continuing our strong relationship. This is a very important program for NBN Co and for the citizens of Australia. We are proud to be part of the team that will bring high-speed broadband services to Australia," said Alan Clarke, president of TE Connectivity's Network Solutions segment.