Cable & Wireless (LSE: CW.) said it won a 15 year, £207 million contract to deliver and manage a dedicated telecommunications network to fellow FTSE 100 constituent National Grid (LSE: NG).
The contract is made up of two key parts. First, a 15 year contract to provide and operate the optical fibre network for £108 million. Second a 5 year, £99 million contract for managed service of the overall network infrastructure, including a dedicated network management centre on a National Grid site which will supply engineering and technical support.
“The solution will therefore be a key enabler in the next era of power transmission in the UK. The network platform will set a power utility standard which will solve problems associated with the provision of high performance telecommunication services for demanding high voltage (HV) protection, control and other operational applications in a harsh electrical environment - and will set a template for others to follow,” Cable & Wireless stated.
David Lister, CIO, National Grid, said: 'Our Operational Telecommunications Network provides mission critical services, so it's absolutely vital that we picked the right strategic supplier that could support us in the transmission of electricity in the UK. Cable&Wireless offered us all the assurances we need in terms of customer service, resilience and security for us to continue to provide the highest standards of service to our customers.'
Jim Marsh, Chief Executive Officer, Cable&Wireless Worldwide, said: 'This is a fantastic deal for Cable&Wireless as it cements our position as the premier supplier to the Utility industry. Our ability to offer a complete managed NGN service means we now have a strategically important relationship with National Grid to 2026. We look forward to delivering an excellent customer experience to one of the world's largest energy companies and helping provide their business critical communications services.'
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