Hughes communications bags contract from SBI

Mumbai, Jan 2: A leading telecom services company Hughes Communications has bagged a Rs 40 crore contract from State Bank of India (SBI) to deploy a network for running its Core banking solution across 1300 branches in the country.

Under the project, slated to be completed by February, Hughes will offer turnkey solutions like Satellite based VPNs, networking equipment and managed services including system integration and network management. In a statement, Hughes President cum CEO Partho Banerjee said ''There are many exciting and innovative developments happening in the banking industry and Hughes is proud to be servicing over 50 of the top banks in the country,''.

UNI