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Vital Limited (NZX: VTL) Provides Update on PSN LMR

Tuesday 19th October 2021

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Vital has been advised by Crown Infrastructure Partners (CIP) and Next Generation Critical Communications (NGCC) that it has not selected Vital as the preferred party to provide the Land Mobile Radio (LMR) network as part of the proposed new Public Safety Network for the emergency services across New Zealand.

The next stage of the process is commercial negotiations between the Crown represented by (NGCC) and (CIP) with a target of contractual agreement by the end of 2021.

There is no immediate impact to the business but longer term this will see Vital ceasing to operate the St John Ambulance radio network. This though will not be for a number of years as the new PSN LMR network will have to be built and then agencies cutover to the new network. Vital can now focus its efforts on delivering the growth following completion of our recent capital investments into our new services.

“We are clearly disappointed at the outcome, but we remain on standby should the parties not reach agreement,” said Andrew Miller, Vital CEO. “Vital has a history of providing critical communication services to lifeline services, government agencies and other essential commercial organisations and we will continue to serve these customers to ensure they receive the service required at all times, throughout all emergency situations including natural disasters.”

Vital remains open to partnering with the down selected parties along with NGCC to assist in delivering the outcomes that PSN and the emergency services require.

Please see the link below for details

Media Release - PSN

Source: Vital Limited

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