Financial Services Industry
Industry: Email Alert RSS FeedAT&T Takes Big Bites in Latin America
Bank Technology News, October, 2001 by Daniel Joelson
Less than a year after its founding AT&T Latin America Corp., the AT&T subsidiary has escalated its expansion in Latin America with an aggressive string of contract wins with the region's financial institutions. The AT&T unit just recently inked contracts that will provide data communication services to a slew of banking institutions in Brazil and Colombia. With those contracts the company's work in Latin America now extends to five regional countries, including Chile, Argentina and Peru.
In a recent coup, in late May the facilities-based provider of integrated high-bandwidth business communications services and solutions signed a $40 million, seven-year contract to provide data and IP services to the 13 institutions belonging to the Aval Group (www.grupoaval.com), a...
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