SBC Communications Announces Multimillion Dollar Contract to Provide Voice and Data Services to the Golden 1 Credit Union; New Contract Expands Relationship to Include Optical and Data Networking Services.SAN ANTONIO -- SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications Inc. (NYSE NYSE See: New York Stock Exchange : SBC) today announced a new voice and data networking services contract with Sacramento, Calif.-based The Golden 1 Credit Union, the fourth-largest credit union in the United States. Under terms of the five-year contract, SBC companies will provide The Golden 1 Credit Union with SBC PremierSERV(SM) Frame Relay service for the credit union's 270 ATM locations and 69 branch locations throughout the U.S. In addition, a Synchronous Optical Network (networking) Synchronous Optical NETwork - (SONET) A broadband networking standard based on point-to-point optical fibre networks. SONET will provide a high-bandwidth "pipe" to support ATM-based services. (SONET) OC-48 ring will be deployed to deliver improved network redundancy and disaster recovery capabilities. SBC companies also will provide local and long distance voice services for the credit union. Together, these services will help to maximize network reliability, which is critical for the high-bandwidth applications common in the financial industry, such as online loan processing. "As the largest financial cooperative in California, 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 reliable provider with combined voice and data capabilities that would help us improve our communications across our branch locations," said Michael Grommesh, senior vice president and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , The Golden 1 Credit Union. "We are excited about the opportunity to expand our relationship with The Golden 1 Credit Union," said Bob Ferguson, group president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SBC Enterprise Business Services. "The company's consolidation of voice and data networking services with SBC companies further demonstrates our expertise in meeting the needs of large-business customers." About The Golden 1 Credit Union The Golden 1 Credit Union is California's largest financial cooperative, and the fourth largest credit union in the U.S. with more than $6.0 billion in assets and more than 600,000 members. The Golden 1 has 69 offices, more than 270 ATMs. Founded by a group of California state employees in 1933, The Golden 1 Credit Union is a membership financial cooperative, which is owned by its members. In keeping with the credit union philosophy of "people helping people," The Golden 1 offers members a wide range of low-cost consumer financial products and high-quality service. As a full-service credit union, The Golden 1 offers all the consumer financial products and latest delivery innovations you'd expect from a large financial institution. Member deposits are insured up to $100,000 by the National Credit Union Administration The National Credit Union Administration (NCUA) is responsible for chartering, insuring, supervising, and examining federal credit unions (FCUs) and for administering the National Credit Union Share Insurance Fund. (NCUA NCUA National Credit Union Administration (US government) NCUA Nbcs Control Unit Atm ), a U.S. government agency. Additional information about The Golden 1 and its products and services is available at www.golden1.com. About SBC SBC Communications Inc. is a Fortune 50 company whose subsidiaries, operating under the SBC brand, provide a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC holds a 60 percent ownership interest in Cingular Wireless, which serves more than 51 million wireless customers. SBC companies provide 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 access lines to more American consumers than any other provider and are among the nation's leading providers of Internet services. SBC companies also offer satellite TV service. Additional information about SBC and SBC products and services is available at www.sbc.com. InterLATA SBC PremierSERV(SM) Frame Relay Service is provided by SBC Long Distance SBC Long Distance LLC is a long distance telephone company owned by AT&T. SBC Long Distance competes with other long distance providers who provide service within some of the Bell Operating Company service boundaries of AT&T. , Inc. SONET service is provide by SBC DataComm, Inc. SBC and the SBC logo are registered trademarks of SBC Knowledge Ventures, L.P. All other trademarks and/or servicemarks are the properties of their respective owners. (C) 2005 SBC Knowledge Ventures, L.P. All rights reserved. |
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