Lloyds plans one of the largest converged networks in Europe
Lloyds plans one of the largest converged networks in Europe
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Lloyds TSB cashes in on VoIP

Bank ditches separate voice and data networks

Iain Thomson, vnunet.com 07 Dec 2004
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Lloyds TSB is gearing up to roll out one of the largest converged networks in Europe, a £500m 70,000 phone VoIP infrastructure linking all the bank's branches and cash points.

The contract, signed with IBM, calls for a dedicated fibre, DSL and MLPS network supporting voice and data across Lloyds TSB's European operations. The IP infrastructure is expected to take 20 months to complete.

"This project will allow us to increase the cost efficiency and enhance the flexibility of our IT infrastructure by providing staff with a more efficient and responsive service for our customers," said Igor Andronov, director of IT at Lloyds TSB.

The financial institution claimed that the network will reduce incremental bandwidth costs, allowing it to deploy web-based or bandwidth-hungry applications that would not previously have been commercially viable.

See also:

VoIP set to revolutionise the businessConvergence is looking set to fulfil its early promise, writes Cath Everett  03 Dec 2004
VoIPVoice over Internet Protocol can deliver significant cost savings and management efficiencies. Yet businesses have so far been reluctant to adopt the technology.  14 Jun 2004

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