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OmanTel
Provides BankMuscat with MPLS Virtual Private
Network
BankMuscat is the first bank in the
Sultanate to employ this technology
Muscat.
10 July 2007: Oman Telecommunications
Company (Omantel) and BankMuscat SAOG, the
nation’s leading bank, signed a MultiProtocol
Label Switching (MPLS) agreement at the
BankMuscat head office yesterday. H.E. Saud bin
Nasser al Shukaily, Chairman of Omantel, and
Sheikh AbdulMalik bin Abdullah Al-Khalili,
Chairman, BankMuscat represented the two
organizations at the signing ceremony, which was
also attended by several senior officials from
both organizations.
Speaking on the occasion, H.E. Saud bin Nasser
Al Shukaily, Chairman, Omantel said:
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“Omantel shall provide BankMuscat
with a virtual private network using
the MPLS high-quality network along
with the terminals and service
equipment. This service will connect
105 locations at a speed of 512
Kbps, as well as connection with the
Head Office and the Disaster
Recovery Centre at a speed of 34
Mbps. Omantel will also be
responsible for monitoring the
Bank’s service network real-time and
proactively initiating solutions in
case of an emergency or on detection
of any fault in the system, with an
efficiency rate of %99.99 throughout
the year as per the Service Level
Agreement. The technical management
center, which is located in
Knowledge Oasis Muscat is
operational 24 hours, and is
responsible for monitoring all
centers and initiating solutions in
case of faults. The center is
equipped with a technical emergency
team that is capable of solving
technical problems within a 4 hour
timeframe.” |
H.E. Saud bin Nasser Al Shukaily,
Chairman, Omantel
and Sheikh AbdulMalik bin Abdullah Al-Khalili, Chairman, BankMuscat
MPLS is a
versatile solution with distinguished features
that differentiate it from other technologies,
especially when it comes to reliability, data
transfer, security and preservation.
BankMuscat has always believed in harnessing the
power of technology to build a differentiated
brand experience. Late last year, it may be
recalled, the Bank announced the signing of an
agreement with TEMENOS Headquarters SA to
introduce a new state-of-the-art core banking
system, based on TEMENOS T24™, the World’s
leading integrated banking system following a
5-month search and evaluation process led by
global technology consultancy firm, Gartner
Consulting.
Speaking of the Bank’s commitment to
technology-led excellence, Sheikh AbdulMalik bin
Abdullah Al-Khalili, Chairman, BankMuscat, said:
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“Our agreement with Omantel marks
another chapter in our quest to
provide superior customer service to
people across the Sultanate. We
believe technology has the power to
change the face of banking as we
know it and we are committed to
exploring every possibility to bring
our customers a better and
differentiated banking service based
on latest cutting-edge technology.
We look forward to a long and
mutually rewarding relationship with
Omantel.” |
Omantel is
slated to roll out the MPLS technology solution
across the Bank’s branch network nationwide
during the course of the year. They will then be
responsible for monitoring the Bank’s service
network real-time and proactively initiating
solutions in case of an emergency or on
detection of any fault in the system.
MultiProtocol Label Switching technology will
provide for the efficient designation, routing,
forwarding, and switching of traffic flows
through the Bank’s branch network. BankMuscat is
the first bank in the Sultanate to employ this
state-of-the-art technology to improve the
efficiency of its network.
About Omantel:
Omantel in race against time with hi-
quality, and hi -tech services. Oman
Telecommunications Company Omantel is considered
to be the exclusive licensed provider of fixed
phone lines, the Internet and all other
telecommunications services in the Sultanate of
Oman. The company has been providing
telecommunications services in the Sultanate
since the dawn of the blessed renaissance.
Omantel is fully committed to regularly and
continuously develop and update the quality of
its services based on the most up to date
technologies and at the same time it seeks to
achieve continued growth in its client’s base.
The continued development of Omantel services is
accompanied with continued increase in the
number of fixed lines and internet subscribers,
reflecting the size of the growth of the
Sultanates telecommunications sector in that
supports the national economy in addition to its
being the main mover of several other sectors.
Omantel started to provide the Internet service
in 1997. The number of Internet subscribers now
exceeds 93000 with good growth rate as a direct
result of the new services and products launched
from time to time.
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