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SBC Communications Announces Five-Year Optical Networking Contract With KeyCorp; SBC Companies Delivers Scalable Network Solutions for Financial Services Firm

Posted on: Monday, 7 February 2005, 12:00 CST

SBC Communications Inc. (NYSE: SBC) today announced a new contract with KeyCorp (NYSE: KEY). Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, providing investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States.

In addition to renewing an existing contract for core local services, KeyCorp also signed a contract with SBC companies to provide a Multi-Service Optical Network Ring (MON Ring) that will include a Synchronous Optical Network (SONET) Dedicated OC-48 ring and OC-192 point-to-point and multiple Gigabit Ethernet and Fibre Channel circuits.

The services are expected to provide KeyCorp with a highly scalable, metropolitan network solution. These services will help protect KeyCorp's data centers while establishing a single, flexible platform to unleash financial applications that will help drive top-line revenue.

"We rely on the SBC infrastructure to transfer enterprise-critical data securely and efficiently between our clients and our locations," said Al Coppolo, executive vice president, KeyCorp. "The network solution SBC companies provided will enable us to serve our customers better while expanding our capacity and strengthening the resiliency of our network."

"We value our relationship with KeyCorp and appreciate the opportunity to provide such critical services to its network," said Bob Ferguson, president, SBC Global & Enterprise Markets. "Our optical networking services will help provide a solid foundation for KeyCorp's data network while helping it maximize speed and reliability."

About KeyCorp

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $88.6 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of approximately 2,200 ATMs; telephone banking centers 1-800-KEY2YOU(R) (1-800-539-2968); and a website, Key.com(R), that provides account access and financial products 24 hours a day.

About SBC

SBC Communications Inc. is a Fortune 50 company whose subsidiaries, operating under the SBC brand, provide a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC holds a 60 percent ownership interest in Cingular Wireless, which serves 49.1 million wireless customers. SBC companies provide high-speed DSL Internet access lines to more American consumers than any other provider and are among the nation's leading providers of Internet services. SBC companies also now offer satellite TV service. Additional information about SBC and SBC products and services is available at www.sbc.com.

MON Ring and SONET services are provided by SBC local exchange telephone companies, based upon the service address location. SBC, the SBC logo and other product and service names are trademarks of SBC Knowledge Ventures, L.P. (C) 2005 SBC Knowledge Ventures, L.P. All rights reserved.

Source: Business Wire

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