CBA's network upgrade will create a future-proof IT&T platform for growth

Telstra will provide a range of next-generation telecommunications capabilities and fully managed services to the Commonwealth Bank of Australia's (CBA) branches, contact centres, EFTPOS network and non-branch ATMs. Telstra will deliver converged communications on the latest internet protocol (IP) capabilities to provide enhanced customer convenience and accessibility.

The agreement, worth up to $100 million per annum, aligns execution with business outcomes to ensure superior network performance and the provision of services designed to deliver CBA's customer service and business objectives.

Michael Harte, Group Executive Enterprise Services and CIO, said choosing a new partner for the provision of telecommunication services was a strategic part of the group's network upgrade. "Together we will provide enhanced telecommunications services that improve convenience and reliability for our many customers and staff.

"Our arrangement with Telstra is a partnership which is directly focused on customer satisfaction through well-defined shared goals, commitments and business outcomes. This is the first time we have struck a deal of this kind," Harte said.

Telstra was selected after a rigorous tender process for its effective management of existing network assets, the inclusion of new network services and the ability to provide access to a range of new technologies.

The new contract with Telstra forms part of the CBA's Smart Sourcing Strategy, which progressively reviews service provision to drive enhancements within the business.

David Thodey, Telstra Enterprise & Government Group Managing Director, welcomed the partnership with the Commonwealth Bank. "We look forward to leveraging our world-class Telstra Next IP and NextG networks to help the bank achieve its transaction and customer service objectives,"  Thodey said.

Telstra will begin transitioning management of network services from incumbent Gen-i from today. Gen-i will continue to work on a range of network services and remains a strategic support to CBA.

The good news for Telstra is welcome in a week that has telegraphed the demise of its $750 million outsourcing contract with Qantas as the airline cuts costs.