Optus Business has won a multi-million dollar, three-year IT service contract with Australian-based global insurer QBE Australia.
Under the agreement, Optus will deliver voice, mobile, and data services to more than 4,000 QBE end-users across 42 locations throughout the country.
"Optus has a strong track record of providing great value and high quality ICT and mobile services to enterprise and government organisations in Australia and across the Asia-Pacific region," John Paitaridis, Optus Business managing director, said.
"The new three-year contract with QBE is testament to the depth of our experience and capability. Our goal is to work closely with our enterprise customers to create shared value and market advantage."
During the 2016 financial year, Optus' enterprise business reported it achieved AU$1.57 billion in operating revenue, and of that ICT and managed services contributed AU$607 million, up 11.4 percent from the previous financial year.
The company also reported at the time that for enterprise fixed services, 18,339 buildings were connected to Optus as of the end of March, 108 more than last year.
In April, the telco giant announced it will be restructuring its Enterprise and Consumer divisions through a series of redundancies, with a "reshape" of its workforce planned in order to support its transformation into a multimedia company rather than a pure telecommunications carrier.
Under the restructuring, Optus will consolidate and make redundant a number of jobs, with a company spokesperson telling ZDNet that depending on "redeployment opportunities", the upper limit on the total jobs to go would be 480.
"Optus Business and the Wholesale and Satellite divisions [will] rationalise roles and optimise resources in response to the increasingly competitive trading environment," Optus said in a statement.
"These changes require Optus to reshape its workforce with the skills required in an increasingly digital world and to invest in the capabilities required to bring ideas to market more quickly. As a result, Optus is proposing to make a number of roles redundant."