Lloyds TSB cashes in on VoIP
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Lloyds TSB is gearing up to roll out one of the largest converged networks in Europe, a Â£500m 70,000 phone VoIP infrastructure linking all the bank&#39;s branches and cash points.
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Ready to develop, if users want it UK-based VoIP provider Truphone last night demonstrated its ability to place a VoIP call from an Apple iPhone, as well as some Facebook integration.â¦
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LONDON -- IBM said Monday that it won a Â£500 million ($972 million), seven-year services contract to help move U.K. bank Lloyds TBS from its traditional voice infrastructure to a converged voice and data network.
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Banking group Lloyds TSB yesterday awarded IBM a Â£500m contract to supply internet telephony and data services in one of the biggest such deals seen in Europe.
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Cisco Systems&#39; Linksys division is set to enter the consumer VoIP (voice over Internet Protocol) space this week through a deal with Vonage Holdings to provide customer equipment for that company&#39;s Internet-based telephone service.
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Banking group Lloyds TSB said Tuesday it will transfer about 1,000 British jobs to India by the end of next year.
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The move means Lloyds TSB has now salted away Â£360m for customers sold endowment mortgages. The products, designed to pay off home loans by investing in financial markets, were popular in the 1980s and 1990s
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IBM has won a $972 million, seven-year services contract to help move U.K. bank Lloyds TBS to a converged voice and data network that improves connectivity for more than 2,000 national branches and 4,200 ATMs.
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Mobile phone operator Vodafone Group Plc  confirmed on Monday its plan to enter the cut-throat fixed-line  broadband Internet market via a deal with the wholesale arm of  telecoms firm BT Group Plc.
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Control of the UK's radio spectrum is being handed to the business community to promote wireless services.
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EU regulators gave the green light on Monday to Deutsche Bank&#39;s purchase of Lloyds TSB&#39;s life insurance arm, Abbey Life, after finding the deal would not stifle competition.
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Lloyds TSB said on Friday that its net profit grew by 12.4 percent to 2.8 billion pounds in 2006, despite a 20-percent rise in losses from un-repaid loans.
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A payment system that allows users to spend cash via their handsets is launched across the UK.
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IBM Corp has signed a seven-year deal to manage the voice and data services of London, UK-based financial institution Lloyds TSB. The contract is estimated to be worth $972.5 million.
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Company pursuing different wholesale access rates to its local phone network for Net phone providers.
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SBC Communications (NYSE: SBC) is jumping on the voice over Internet (VoIP) bandwagon with the launch of service in selected markets and a proposed nationwide rollout designed to help the company keep pace with the competition.
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Lloyds TSB becomes the first High Street to offer the UK's Muslims a current account compatible with Islamic law.