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12/6/2004
01:29 PM
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IBM Inks $1 Billion Voice And Data Deal With Lloyds

High-capacity fiber network for voice, data, and video will cut Lloyds bandwidth costs and let it offer new high-bandwidth apps.

IBM on Monday disclosed a seven-year, $1 billion deal with Lloyds TSB to enhance the bank's voice and data services. The project will reduce the bank's incremental bandwidth costs, allowing it to consider alternative Web-based or other high-bandwidth apps that previously weren't feasible, Lloyds said in a statement.

The new infrastructure, which will be rolled out over the next 20 months, will feature a single high-capacity fiber network for voice, data, and video, with direct links to mobile and call-center services. It will include almost 70,000 voice-over-IP telephones.

IBM will act as strategic technology partner. Vanco, a global network operator, will provide network-management services, and Vtesse Networks, a gigabit optical-networking provider, will supply the high-capacity fiber network.

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