[Satellite TODAY 12-12-12] Hughes Network Systems subsidiary Hughes Communications India (HCIL) will connect 27,000 offsite ATMs with a secure broadband satellite network over 2014 and provide various public sector banks with managed network services, the company announced Dec. 12.
The contracts are valued at around $36 million over 8 years and were awarded by eight managed service providers (MSPs)—Accura Infotech, AGS Transact Technologies, EPS, FIS Global, Financial Software and Systems, MphasiS, NCR, and Tata Communications Banking Infra Solutions.
The Hughes win is part of outsourcing deals in the financial sector, under which the Ministry of Finance and a group of the public sector banks of India have contracted with nine MSPs to install and manage a total of 63,000 off-site and on-site ATMs across urban and rural India. The State Bank of India, Bank of India, Punjab National Bank, Bank of Baroda, Union Bank of India, and Canara Bank selected the MSPs through a series of reverse auctions for sixteen different circles.
Receive the latest satellite industry news right to your inbox