Sharechat Logo

Telstra snares ANZ business

By Phil Boeyen, ShareChat Business News Editor

Wednesday 25th October 2000

Text too small?
Telstra is to become banker ANZ's preferred telco for the next three years, picking up a contract worth A$150 million.

The contract covers all ANZ's Australian and major international telecommunications but excludes the New Zealand side of the business, which will remain with Telecom.

ANZ spokesperson, David Boyles, says Telstra has already contributed to the web-enablement of ANZ's branch network and he expects the Telstra agreement to deliver immediate cost savings.

"Under the agreement, Telstra is providing the core telecommunications infrastructure for ANZ's banking platform of the future which will use web-based technology. Telstra's solution was highly competitive and provides a technology solution which meets our needs."

"We have successfully rolled out our new IP, high bandwidth network to over 800 locations around Australia in the last four months. Telstra was a key partner in this highly successful initiative."

The preferred-supplier contract is expected to save ANZ around 20% a year in telecommunication costs.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Telstra shareholders set to approve NBN split
Daily ShareChat: Telstra
Daily ShareChat: Telstra
Daily ShareChat: Telstra
Telstra returns to debt market with 1 billion euro sale of 10-year bonds
TelstraClear earnings growth stalls amid slower capital spending
Telstra cuts sales forecast for 2010, sees no revenue growth
Telstra rejigs structure, brings NZ business into single trans-Tasman market
Clear sale gets Commission green light
Market responds to US sentiment

IRG See IRG research reports