Virgin Media and BT Wholesale announced the signing of a major new five year managed network telephony agreement.
Under the terms of the agreement, BT Wholesale will manage the operation and maintenance of Virgin Media’s UK fixed-line voice switching network, as well as a number of Virgin Media’s existing support contracts with specialist third-party hardware and software suppliers for transmission equipment on its behalf.
The total value of the contract is worth an estimated £98 million and will allow Virgin Media to enjoy significant cost savings as well as focusing on developing the future of its voice network business.
Virgin Media’s fixed-line voice switching network supports around 20 percent of all landline telephone connections in the UK.
184 skilled Virgin Media employees have transferred to BT Wholesale as part of the agreement.