AT&T Wins Three-Year Regional MPLS Networking Contract From First Data International.SYDNEY, Australia -- AT&T Inc. (NYSE NYSE See: New York Stock Exchange : T) announced today that it has entered into a three-year networking contract with First Data International for the provision of a new MPLS-based virtual private network (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ) in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . The new network will connect First Data offices in Sydney, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and the newly opened Singapore office. Long established in Australia, First Data provides a range of electronic payment processing services, including Electronic Funds Transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. (EFT) switching, device driving, credit card, and merchant account processing services. The AT&T solution will give First Data's staff in both Sydney and Singapore an integrated, converged VPN solution for voice and data. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a flexible, efficient solution that we could leverage with existing technology and would meet our existing and future requirements," said Brett Morelli, vice president of network services at First Data. "The AT&T MPLS (1) (MultiProtocol Lambda Switching) The earlier name for GMPLS. See GMPLS. (2) (MultiProtocol Label Switching) A standard from the IETF for including routing information in the packets of an IP network. core provides us with a fast, triangular routing solution between our offices in Sydney and Singapore." This agreement is AT&T's first local deal in Australia, as its continues to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale its presence in the region. First Data and AT&T also have a significant global networking agreement in the United States. "We are excited about the opportunity to work with First Data here in Australia," said Jeyan Jeevaratnam, managing director of AT&T Australia/New Zealand. "We already have a long- term global agreement with them in the United States. This is the first collaborative opportunity we've had in this region, and we are certain that we have the experience and network reach to support and help First Data grow its business" About First Data International First Data International, part of First Data Corp. (NYSE:FDC FDC - Floppy Disk Controller ), is a leading provider of electronic commerce and payment solutions for financial institutions and merchants around the world. First Data International serves a diverse range of markets, leveraging global scale through a local presence and maintaining focus on individual client needs. It has more than 5,800 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-Pacific. First Data serves 4.6 million merchant locations, 1,500 financial institutions and millions of consumers. First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, together with Orlandi Valuta and Vigo, make up one of the world's largest money transfer networks with more than 271,000 Agent locations in more than 200 countries and territories. For more information, visit www.firstdata.com. About the New AT&T AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high speed DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with more than 55.8 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at www.TheNewATTatt.com. (C) 2006 AT&T Knowledge Ventures. All rights reserved. Subsidiaries and affiliates of AT&T Inc. provide products and services under the AT&T brand. |
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