Skanska secures orders for telecommunications work in the UK valued at about SEK 1.3 billion, GBP 100 M

Skanska has secured two contracts for telecommunications work in the UK. The total value of the two contracts is about SEK 1.3 billion (GBP 100 M) and is included in order bookings for the fourth quarter of 2004.

The largest assignment, valued at about SEK 1,680 M (GBP 130 M), is for the build-out and upgrading of BT’s (British Telecommunications plc) telecom network. Skanska’s share amounts to SEK 840 M (GBP 65 M). The project is being carried out in a 50/50 partnership with Fujitsu Telecommunications Europe. The second contract amounts to about SEK 450 M (GBP 35 M) and covers upgrading and service of BT’s overhead telecom network in Scotland. This is a renewal of a contract with Fujitsu Telecommunications Europe, which is one of BT’s contracted suppliers. This four-year contract is expected to generate assignments valued at about SEK 115 M, or GBP 8.8 M, annually. “This is a further significant step in our aim to become one of the leading construction service partners for the UK telecommunications and utility sector,” says Mike Putnam, Executive Vice President Skanska UK. In June, Skanska and BT signed a four-year service and extension contract valued at about SEK 2.6 billion (GBP 200 M). The contract pertains to BT’s external wire network for telecom and data traffic in the Yorkshire & Humber and Thames Valley regions. This contract is expected to generate assignments valued at SEK 650 M (GBP 50 M) annually. Skanska UK is one of the leading construction companies in the UK. The company has about 3,500 employees and posted sales in 2003 of slightly more than SEK 12 billion. For further information please contact: Tanya Barnes, Communication Manager, Skanska UK. +44 1923 423 905 Peter Gimbe, SVP Communications, Skanska AB, tel +46 8 753 88 38