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December 13, 2004

IBM Signs Seven-Year Deal with Lloyds TSB

Yahoo! Finance - IBM Signs Seven-Year Deal with Lloyds TSB

ComputerWire Staff

IBM Corp has signed a seven-year deal to manage the voice and data services of London, UK-based financial institution Lloyds TSB (LSE: LLOY.L - news - msgs) . The contract is estimated to be worth 500m pounds ($972.5m).

IBM (NYSE: IBM - news) will oversee Lloyds TSBs move to a national high-capacity fiber, DSL, and MPLS network supporting both voice and data communications. The implementation will include about 70,000 VoIP telephones.

The network integration and management will be provided by Isleworth, UK-based Vanco Plc (LSE: VAN.L - news) , while Hertford, UK-based Vtesse Networks will supply the fiber network. The new infrastructure is expected to be in place in early 2006.

December 13, 2004 at 07:10 PM in Telecommunications | Permalink | TrackBack (18) | Top of page | Blog Home