HSBC awards £50m next generation network contract

HSBC has awarded telco Thus a five-year contract worth over £50m to roll out a next-generation network for its UK operation.

HSBC has awarded telco Thus a five-year contract worth over £50m to roll out a next-generation network for its UK operation.

Thus has been given “preferred supplier” status on the job, which will see it replace the bank’s legacy UK domestic national network.

The contract sees HSBC adopting a multimedia capable next-generation network that will support operations at more than 2,200 HSBC sites.

Tim Cureton, HSBC group head of telecommunications, said, “Thus technically is the right company to support us in the UK at significant cost benefit, with solutions enabling us to move forward and deliver a variety of IP enhanced services for our customers.”

William Allan, Thus chief executive, said, “This contract represents the capabilities of our managed solutions division, one of the three key areas of our business.”

HSBC recently launched a new mobile banking platform for customers, and also issued its business customers with security tokens to improve their on-line security.

The bank has also recently adopted improved fraud detection capabilities.


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