When the 2009 was contract was struck, it was seen as one of the last much sought after corporate mega deals, as the CBA sought to lock in certainty of service provision as it set about its epic corporate systems transformation that hugely boosted data carriage volumes across its national network. The Commonwealth Bank of Australia (CBA) is thought to have renewed its AUD1bn ( $709m ) deal with the telecommunications firm National Broadband Network . The companies, who signed a 10-year deal in one-year , are rumoured to have renewed the agreement for an initial three years with five optional an initial three years extensions. CBA is thought to be weighing up its options as it works out its network requirements for the rollout of Australia 's The Commonwealth Bank of Australia and the ongoing consumer shift towards mobile transactions.
The Commonwealth Bank of Australia (CBA) is thought to have renewed its AUD1bn ( $709m ) deal with the telecommunications firm National Broadband Network . The companies, who signed a 10-year deal in one-year , are rumoured to have renewed the agreement for an initial three years with five optional an initial three years extensions. CBA is thought to be weighing up its options as it works out its network requirements for the rollout of Australia 's The Commonwealth Bank of Australia and the ongoing consumer shift towards mobile transactions.