It's still a big deal, but each telco still must bid against its competitors for the right to provide the services.Īnother key point: None of the 135 agencies is required to participate, although many of the largest ones - including Department of Homeland Security - have indicated that they intend to. They've merely won the right to be exclusive bidders to each of the 135 federal agencies involved with Networx. So just how can that happen, and how much money does each of these telco giants stand to earn?įirst off, the three telcos haven't won a $20 billion pile of money. The total value of the contract, however, may eventually prove to be worth more than twice that much. (See GSA Awards Contracts.) The contract covers ten years and is worth an estimated $20 billion. (NYSE: T), Verizon Enterprise Solutions, and Qwest Communications International Inc. General Services Administration yesterday awarded its highly anticipated Networx Universal Contract to AT&T Inc.
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