February 24, 2006
Vanco seals outsourcing deals with Euromaster and Total
The three-year outsourcing deal between tyre company Euromaster and Vanco, the largest single deal for Vanco worth £19.6 million, will result in the management of Euromaster's telecom services by Vanco. This deal comes soon after Vanco's agreement with oil and gas company Total to provide an internet VPN connecting sites across five continents. Silicon.com reports:
Allen Timpany, CEO and founder of Vanco, said the high-profile contract wins show that the VNO model - which involves effectively reselling network capacity at the lowest price by passing traffic around different carriers - is putting pressure on asset-heavy telcos such as BT.
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