Telstra has extended a 10-year agreement to provide its services to the Bank of Queensland in a $21 million, three-year deal.
Under the agreement, Telstra will deliver the bank's fixed lines, voice, data and internet services running on Telstra Next G and Telstra Next IP networks.
The deal also includes the provision of Blackberry devices.
Bank of Queensland IT executive, Jim Stabback, said the Bank's decision to extend relationship with Telstra was made after an exhaustive market review.
Stabback said the telecommunications giant is best positioned to provide the technology and business requirements the bank needs.
Telstra’s Queensland enterprise and government director, Chris Lowe, said the new deal is a testament to the quality and reliability of Telstra’s services.
In what has been a busy week for the telco, the latest announcement hot the tail of and new deal between Telstra’s wholesale arm and AAPT.