Company Website:
http://www.granaymontero.com.pe/
LIMA, Peru -- (Business Wire)
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the Company” or
“Graña y Montero”) a leading Engineering and Construction company,
announced today that Coasin Instalaciones Limitada, a company that
belongs to its subsidiary Cam Chile S.A specializing in operational
services for the Telecommunication sector, was awarded a contract for
the amount of US$ 68’619,100.00 to be executed in a period of ten years.
This contract has been subscribed with VTR Banda Ancha, one of the
leading service companies of cable television, landline telephones and
internet access in Chile. From this date, Coasin Instalaciones will be
responsible for the installations, disconnections, withdrawals, and
maintenance technical visits for household services and household
products required by end customers in the Metropolitan Zone and City
Center of Santiago de Chile.
Graña y Montero Group acquired Coasin in March 2014 and currently is
working with the major telecommunications companies in the Chilean
market, having as main customers Movistar, Entel, Claro and VTR.
About Graña y Montero S.A.A.
Graña y Montero is the only Peruvian engineering and construction
company listed on the Lima Stock Exchange since 1997 and in the NYSE
since 2013. The Company has participated in the development of major
engineering and construction projects in Peru, including large-scale,
complex projects in the energy, mining, construction and real estate
sectors.
With 82 years of operations, the Company has leveraged its engineering
and construction expertise into complementary lines of business, such as
the development, ownership, operation and maintenance of infrastructure
assets, real estate developments, and the provision of technical
services. The Company has significant investments in infrastructure
concessions, such as three toll roads and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and has
acquired three companies in Chile: DSD Construcciones y Montajes, an
engineering and construction company specialized in providing services
to the energy, oil and gas, cellulose and mining sector in Chile and
Latin America; Vial y Vives, a construction company specialized in the
mining sector, and CAM, specializing in electric services, with
operations in Chile, Peru and Colombia. It recently acquired Morelco, a
Colombian company specialized in electromechanical assemblies, civil
works, and services for the oil and gas industry as well as energy
industry.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707006640/en/
Contacts:
Graña y Montero S.A.A.
Dennis Gray, 511-213-6583
Investor
Relations Officer
dgray@gym.com.pe
relacion.inversionistas@gym.com.pe
Source: Graña y Montero S.A.A.
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