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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (38610)	3/10/1998 7:38:00 AM
From: FUZFO	Read Replies (1) \| Respond to of 61433

ATT wins Citibank Data Networking Contract excerpt (will try to find out who's equipment they will use.. Fuzfo) " Tuesday March 10, 7:00 am Eastern Time Company Press Release Citibank Chooses AT&T Solutions to Manage Data Networks NEW YORK--(BUSINESS WIRE)--March 10, 1998--Citibank, which provides financial services to consumers and corporate customers around the world, and AT&T jointly announce an agreement in which AT&T Solutions will manage a significant portion of Citibank's data networking requirements worldwide. The five-year agreement, valued at $750 million, is estimated to save Citibank approximately $250 million in operating costs, by transforming Citibank's multiple data networks to a single new, state-of the-art networking platform. Stan Welland, head of Citibank's Global Technology Infrastructure Division, said, ''This partnership with AT&T will improve our overall network service quality and reliability, and at the same time lower our operating costs. Furthermore, as a global financial services provider, Citibank will benefit from AT&T's proven expertise and vast resources in providing global telecommunications services.'' Under this global agreement, AT&T, under Citibank's direction, will effect the regional migration of multiple data networks to a common Global Data Network (GDN) platform to be managed from AT&T Solutions' Global Client Support Center (GCSC) located in Durham, N.C. "