BT Infonet

BT Infonet

June 07, 2005 08:01 ET

BT Infonet Extends SWIFT Secure IP Network Access to Financial Institutions in Remote Locations

EL SEGUNDO, Calif.--(CCNMatthews - Jun 7, 2005) -

BT Infonet, a leading provider of global communications services for multinationals, today announced the availability of a new cost-effective, Internet-based SWIFT connectivity option for financial institutions in remote locations.

Available today in 21 countries, BT Infonet's ISP-local loop (ISP-LL) service enables access to SWIFT's secure IP network by leveraging a local loop between a local Internet Service Provider and the nearest BT Infonet access point. According to SWIFT, this option is particularly compelling for financial institutions in countries with limited SWIFT network access options, and can reduce total SWIFT connectivity costs by as much as 75 percent versus a private leased line.

With ISP-LL, BT Infonet manages the installation, on-site configuration and maintenance of the equipment and network based firewalls necessary for connectivity. The service is as secure as traditional SWIFT options because it shares the same SWIFT standard managed security components.

More than 20 SWIFT customers took part in a recent trial of the ISP-LL service. According to Pierre Berne, IT department director, Banque Nationale de Credit in Haiti, "We previously relied on an international phone line for our connectivity. Not only was this a relatively costly option, it was not always reliable. The ISP local loop option allows us to significantly reduce our telecom costs and has proved more reliable than the cross-border line we used before."

Commented Jan Bolman, departmental head of ICT for the Centrale Bank van Suriname, "We were pleased to take part in the pilot program for ISP-LL. The set-up was relatively painless, with good support from SWIFT and BT Infonet. We're enjoying significant improvement in the stability of our SWIFT connection as a result."

Said David Neal, vice president and global head of SWIFT for BT Infonet, "This is an exciting step ahead for both BT Infonet and SWIFT. We're now able to provide secure SWIFT services in markets like Haiti, Lebanon, Cameroon and Tahiti. Banks in these and other markets now have a very cost-effective option for accessing SWIFT. They can realize cost savings and improved performance, while our new access method helps the SWIFT community continue to grow into new parts of the world."

ISP-LL is currently available in Tajikistan, St. Kitts and Nevis, Barbados, Cameroon, Haiti, Mauritius, Surinam, Antigua, Oman UAE, Trinidad, Lebanon, Bahamas, Papua New Guinea, Tahiti, Rwanda, Nigeria, Bangladesh and Morocco. More information about the ISP-LL service is available at

About BT Infonet

BT Infonet is a leading provider of managed network communications services for multinational entities, fully owned by BT Group and part of BT Global Services. BT Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. BT Infonet provides local service support in over 70 countries and territories and its network is accessible from more than 180 countries.

Additional information about BT Infonet is available at

About BT

BT is one of the world's leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services.

BT consists principally of three lines of business:

-- BT Retail, providing a comprehensive range of communications and related services to more than 20m UK consumers and businesses.

-- BT Wholesale, providing network services and solutions within the UK to more than 600 fixed and mobile operators and service providers including the provision of broadband and private circuits.

-- BT Global Services, providing networked IT services to meet the needs of multi-site organizations globally. BT Global Services operates in more than 130 countries and also offers international carrier services.

In the year ended 31 March 2005, BT Group's turnover was GBP 18,623 million with profit before goodwill amortization, exceptional items and taxation of GBP 2,085 million.

BT Group plc is listed on stock exchanges in London and New York. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group.

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