Cable & Wireless, the global telecommunications group announced a
three-year global communications contract, worth more than US$40
million, with UBS Warburg, the global investment banking division of UBS
AG. Cable & Wireless will provide global data and IP network and voice
services.
Cable & Wireless is one of UBS Warburg's preferred telecommunications
suppliers globally. This agreement is in addition to an existing hosting
contract with Cable & Wireless (through the acquisition of Digital
Island in August 2001), and demonstrates Cable & Wireless' ability to
provide a complete portfolio of integrated communications and e-commerce
services for multi-national enterprise companies.
This agreement is the culmination of UBS Warburg's strategy to
streamline its numerous telecommunications suppliers around the world
into a small number of strategic global relationships resulting in:
· significantly reduced telecommunications costs
· improved quality of service levels
· ease of management of supplier relationships
· enabled rollout of new technologies on a global scale; and
· expanded service offerings to its customers via secure reliable voice
and data networks.
Cable & Wireless will provide a package of voice and data services,
including ATM and frame relay networks, leased lines and internet
access, to UBS Warburg's offices in some 20 countries located primarily
in North America, Europe and Asia. Within the three-year agreement, UBS
Warburg aims to migrate to a single converged communication solution,
based on IP-VPN (Internet Protocol Virtual Private Network) technology.
The relationship with Cable & Wireless will support UBS in formulating
that migration path.
About Cable & Wireless
Cable & Wireless is a major global telecommunications business with
revenue of over £5.9 billion (US$8.6 billion) in the year to 31 March
2002 and customers in 70 countries. The company consists of two core and
complementary divisions: Cable & Wireless Regional and Cable & Wireless
Global. Cable & Wireless Regional offers a full range of
telecommunications services in 33 countries around the world. Cable &
Wireless Global's focus for future growth is on IP (Internet protocol)
and data services and solutions for business customers. It has developed
advanced IP networks and value-added services in the US, Europe and the
Asia-Pacific region in support of this strategy. With its financial
strength and the capability of its global IP infrastructure, Cable &
Wireless holds a unique position in terms of global coverage and
services to business customers. For more information about Cable &
Wireless, go to www.cw.com.