BT, Swisscom Win Deal

LONDON -- BT today announced it is entering into a strategic agreement with Credit Suisse to provide a broad package of services which will enhance its operating efficiency as an integrated global bank. The solution will be delivered in partnership with Swisscom and addresses requirements across Credit Suisse’s enterprise and financial trading environments with additional focus on jointly creating new service innovations.

The contract involves the management of Credit Suisse's global networking function which will include the transfer of 231 employees and 50 contractors. It consists of a minimum five-year term with the option of extending the term to seven years. The total order value of the contract is estimated at £578 million.

Tom Sanzone, CIO and Executive Board member at Credit Suisse said: “As our business landscape becomes increasingly complex, the integration of telecommunications connectivity and remote access for our team is becoming ever more important. BT, in partnership with Swisscom, have developed a proposition that we believe will yield a considerable advantage in an increasingly competitive marketplace, while allowing us to better focus on our core business. Our customers will benefit from BT’s deep understanding of the financial services market, innovative thinking, skills and expertise in the provision, and management of highly resilient networks, while Swisscom ensures the deep understanding of Swiss banking regulations, which was central in our decision making.”

BT Global Services