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.