AT&T (NYSE: T) announced a two year contract with Global Hyatt Corp. on Thursday to set up an advanced global communications network across nearly 300 of its hotels.

The agreement calls for AT&T to set up a voice, data and managed Internet services network spread out over 43 countries using Internet Protocol (IP) technology. The cost of the agreement was not specified.

AT&T's solution offered us cost control, greater operating efficiency and innovative technology to enhance the efficiency of our hotels, said Jim Lamb, senior vice president, Information Technology, Global Hyatt Corp.

He said the communications infrastructure will allow for expansion for new services in the future along with real-time access to network performance and a direct connection to electronic billing and ordering systems.

Global Hyatt Corp. operates more than 700 luxury hotels and resorts.

AT&T