Optus Business and Singtel ink $530m contract with ANZ Bank

Telcos to provide global data network, contact centre, mobility and collaboration services to the bank's business operations

Optus Business and SingTel have signed a $530 million agreement to provide telcommunications and managed services to the ANZ Bank.

Under the five-year agreement, the telcos will provide domestic and global data network services, mobility, collaboration, contact centre services and managed services for the bank’s business operations.

“This agreement represents ANZ’s largest managed services relationship and we are very pleased to continue our partnership with SingTel for a further five years,” Mike Smith, ANZ chief executive officer, said in an ASX statement.

ANZ Bank announced last year that it would invest $1.5 billion over five years in mobile, videoconferencing and other upgrades in an effort to improve customer service.

The bank also announced it was exploring using fingerprint-recognition technology to replace traditional PIN codes.

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