Telstra wins giant NAB telecoms contract

Friday 19th July 2002

National Australia Bank will outsource its telecommunications in Australia and New Zealand to Telstra.

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.

Comments from our readers

No comments yet