Thus wins HSBC contract worth £50m

Thus has won a contract to replace HSBC's domestic UK national telecoms network in a deal likely to be worth in excess of £50m.

The company has been named as the preferred supplier for the five-year contract after a competitive tender.

The contract covers the delivery of a multimedia-capable 'next-generation' network for the banking group's UK business operations at more than 2,200 HSBC sites, which will replace the existing legacy network.

Tim Cureton, group head of telecommunications at HSBC, said the new network will enable the bank to deliver a variety of IP-enhanced services for customers.