Telstra wins giant NAB telecoms contract

The deal gives TelstraClear all the business of NAB's New Zealand subsidiary Bank of New Zealand.

Analysts said the deal was a feather in Telstra's and TelstraClear's caps and was likely to prompt other corporates to consider telecommunications outsourcing contracts.

The five-year contract covers the transition of telephony employees, assets and third-party contracts, data services and transtasman communications links.

NAB said the contract was expected to reap it $A110 million in savings over the five-year period.

A spokesman for TelstraClear said the company believed the deal was one of the largest corporate telecommunications outsourcing contracts in Australian and New Zealand history.

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June 25th Morning Report