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HSBC signs £50m telecoms deal with Thus

New national network will deliver IP-enhanced services

Tags: hsbc, thus

By Andy McCue

Published: 8 September 2006 14:10 GMT

Thus has won a contract to replace HSBC's domestic UK national telecoms network in a deal likely to be worth in excess of £50m.

Thus has been named as the preferred supplier for the five year contract after a competitive tender.

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The contract covers the delivery of a multimedia capable 'next-generation' network for the banking group's UK business operations at more than 2,200 HSBC sites, which will replace the existing legacy network.

Tim Cureton, group head of telecommunications at HSBC, said the new network will enable the bank to deliver a variety of IP-enhanced services for customers.

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