AT&T Tridom Secures Multi-Million Dollar Contract with Russian Savings Bank

Strategic Insights -

AT&T Tridom has announced a significant partnership with the Russian Savings Bank, aimed at establishing a VSAT (Very Small Aperture Terminal) system for a data communications network connecting the bank's regional offices and branches to its data center in Moscow. This contract marks a substantial commitment to the introduction of information technology in Russia, enabling the bank to provide a wide range of new banking services to its customers. The VSAT system, designed to operate with Russia's Gorizont satellites, will enable reliable data communications essential for a rapidly growing economy.

Key Takeaways:

  • The contract, worth millions of dollars, is a multi-year agreement between AT&T Tridom, the Russian Savings Bank, and the OKB MEI (Special Research Bureau of the Moscow Institute of Power Engineering).
  • The VSAT system will connect 79 branch offices by the end of 1995, with plans to expand to over 1200 branches across Russia.
  • OKB MEI will supply the antennas and satellite tracking equipment and adapt the VSAT system to operate with Russia's Gorizont satellites.
  • The contract includes training for OKB MEI and Russian Savings Bank personnel, as well as cooperation on test and repair procedures.
  • AT&T Tridom will provide the hardware and software system, while OKB MEI will manage the VSAT hub and network.
  • The project was facilitated by market research from Amadeus Research and consultative support from Symmetric Quorum Ltd.

Statistics:

  • 79 branch offices to be connected by the end of 1995.
  • Plans to expand to over 1200 Savings Bank branches across Russia.
  • 30,000 branches across Russia operated by the Russian Savings Bank.
  • 45 years of experience in radio-electronic systems for aerospace, aviation, and communications technology for OKB MEI.

Sources:

  • AT&T Tridom press release, Nov. 21, 1994.
  • Amadeus Research market research reports on Russia and Former Soviet countries.
  • Symmetric Quorum Ltd. consultative support services.