TeleCable, Nortel provide bank with secure private network

May 30, 2006 Madrid, Spain -- Spanish telecommunications provider TeleCable is supplying Cajastur, a large regional savings bank in Spain, with Nortel technology and services to securely connect its 100 bank offices across three major cities in the Asturias region.

May 30, 2006 Madrid, Spain -- Spanish telecommunications provider TeleCable is supplying Cajastur, a large regional savings bank in Spain, with Nortel technology and services to securely connect its 100 bank offices across three major cities in the Asturias region.

The new network will deliver cost-savings on critical communications such as Internet banking and gives the bank the flexibility to evolve its communications to meet future demand for the bank's services. The single converged network, based on Nortel's Ethernet Virtual Private Network (VPN) technology, will support all Cajastur's communications. The agreement includes installation, commissioning, integration, and technical support services from the Nortel Global Services portfolio.

"The communications solution provided by Nortel and TeleCable meets Cajastur's critical requirement of highly secure and reliable communications to support customer transactions," said Roberto Paraja, president, TeleCable. "Also, the continuing close working relationship between Nortel and TeleCable meant that we were able to jointly define and understand the bank's communications needs and create a cost-effective network solution."

Building on the successful deployment of the Cajastur network, TeleCable plans to offer Ethernet VPN services to other major business customers in Spain's Asturias region.

The network is based on Nortel's Metro Ethernet portfolio, including the Metro Ethernet Routing Switch 8600 and Metro Ethernet Services Unit 1800/1850. The Ethernet-based infrastructure is operated over an optical network using Nortel's Optical Metro 5000 platform.

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