StockMarketWire.com - Security and other services provider Serco said it had signed contract extensions with city councils in Peterborough city and Lincolnshire county to continue providing various frontline and back-office services.

The contract extensions had a combined total value to Serco of around £135m, the company said.

Serco currently provided services to the councils including customer service, payroll and business support.

It had signed a 10-year contract extension with Peterborough until 2031 and a two-year contract extension with Lincolnshire until at least 2022.




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