Matsushita Selects AT&T Global VPN Network for SWIFTNet Connection
Network will contribute to more efficient cash management in the global market
San Antonio, Texas, December 19, 2006
AT&T Inc. (NYSE: T) announced today that Matsushita Electronic Industrial Co., Ltd. (NYSE: MC), a global electronics manufacturer of well known brands such as Panasonic, has awarded AT&T a contract for a global Virtual Private Network (VPN). The VPN will allow Matsushita's SWIFTNet connection to improve global cash management and reduce financial costs.
SWIFTNet is the latest messaging platform used by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) for global financial transactions. AT&T is one of the leading SWIFT networking suppliers and has an excellent track record of providing SWIFTNet connection and development to many businesses, both in Japan and overseas.
Matsushita is the first enterprise in Japan to implement SWIFTNet services. The implementation of SWIFTNet services has made it possible for the company to achieve greater efficiency in managing information on bank funds of its group companies and providing payment instructions and to more promptly forward foreign exchange contracts. The network provides one of the most important IT infrastructures underpinning the operations of overseas financial companies, and the goal is to improve fund efficiency and reduce financial costs in the Matsushita group on a consolidated basis.
"It is a great honour that Matsushita Electric Industrial, one of the world's leading companies, is using AT&T services," said Norihiko Minato, president of AT&T Japan. "AT&T is a global network service provider, and we hope that the company contributes to the efficient operations of Matsushita group companies worldwide."
AT&T already provides AT&T global VPN network services to numerous Matsushita locations in the United States and Europe as part of a global network infrastructure that supports its international business operations. This SWIFTNet connection was chosen after taking into consideration the experience and proven track record of AT&T in network development and operation services.
AT&T has invested in its global network since 2001 and has access to Multiprotocol Label Switching (MPLS)-based IP services in 137 countries around the world. The company meets diverse customer requests through service level agreement (SLA)-based quality assurance, help desk services, CoS-based priority control providing true one-stop shopping.
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About Matsushita Electric Industrial Co., Ltd.
Best known by its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of US$76.02 billion for the year ended March 31, 2006. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:MC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/.
Panasonic is a registered trademark of Matsushita Electric Industrial Co., Ltd.
AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high speed DSL Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with 58.7 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at http://www.att.com.
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