AT&T, the largest telecom company in the US, signed a multi-year teleconferencing service contract on Tuesday with Metavante, a banking and financial.

The new contract will enhance the long-standing relationship between the companies. AT&T provides global networking solutions which includes local- access, private-line and long-distance services, global Internet access as well as IP-enabled data services.

With the teleconferencing services, Metavante can offer its remote staff a more cost-effective method to collaborate on projects while they are in distant locations.

“Adding teleconferencing capabilities to our mix of services is a logical extension of our current networking platform and will enable our financial services experts, account managers and design engineers to cost-effectively collaborate from anywhere in the world,” said Brian Hurdis, senior executive vice president and chief information officer of Metavante.