CB Richard Ellis Signs Contract with AT&T to Upgrade Network
Los Angeles, California, November 18, 2008
AT&T Inc. (NYSE:T) announced today that CB Richard Ellis Group, Inc. (CBRE) has signed a three-year contract with AT&T to upgrade its global voice and data wireline networks. Under terms of the agreement, AT&T will provide CB Richard Ellis with a complete suite of communications solutions including a new Internet Protocol Virtual Private Network (IP VPN), AT&T Managed Internet Service (MIS) and OneNet® service, which includes local and long distance voice services. The agreement continues CBRE's relationship with AT&T, which spans more than 16 years.
CBRE's full-service platform connects its 400 offices and 29,000 employees worldwide to help them deliver quality client service. The company sought to streamline operations and reduce costs by updating its frame relay network. AT&T worked closely with CBRE to understand specific requirements and business drivers.
AT&T will consolidate CBRE's voice and data wireline networks and upgrade its frame relay network to a managed IP VPN. AT&T IP VPN is built on an architecture that enables the merging of different types of traffic, such as voice and data, over one network. AT&T enables CBRE to prioritize mission-critical information. For example, it allows CBRE to give priority to voice over e-mail so traffic does not get interrupted. The technology transports data over the fastest route through the network.
In addition to the networking solution upgrade, CBRE also signed a two-year contract for wireless voice and data services and renewed a two-year hosting contract.
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About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis is the only commercial real estate services company named one of the 50 "best in class" companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
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