Commonwealth Bank extends Gen-i telco deal to 2009

Bank is migrating to Telecom's AAPT/Powertel network

The Commonwealth Bank of Australia (CBA) has extended its existing telecommunications contract with Gen-i to February, 2009.

Gen-i, which is Telecom New Zealand’s business ICT services arm, has been providing managed telecommunications services to the bank since the year 2000.

The agreement includes the provision of voice and data services to all staff in Australia.

Gen-i’s Australasian general manager, Rhoda Holmes, says the new agreement will optimise services on the integrated AAPT/Powertel network.

Powertel shareholders voted in favour of a takeover by Telecom in April. A week later the Australian Federal Court approved the deal.

“We will develop a long term strategy and roadmap for the bank’s telecommunications and ICT services utilising Gen-i’s expertise and partnerships in Australasia,” Holmes says.

This includes significant price reductions to take full effect in this financial year.

Holmes says Gen-i will achieve a large part of these savings through the migration of services to the new AAPT/Powertel network, a migration that the CBA supports under this deal.

“This agreement is a key example of our commitment and ability to support the strategic objectives of the CBA. We both see this as the next step in making the relationship more sustainable,” she says, adding there will be plans to explore further IT and telephony opportunities. “We expect to deliver further benefits for CBA through our integrated AAPT/PowerTel network and we will continue to explore opportunities that make good commercial sense for both parties,” she says.

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Tags telecom aapt powertel cba commonwealth bankNetworking & Telecomms ID

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