RR Donnelley Awarded $110 Million Print-And-Mail Agreement With British Telecom
1 August 2006
R.R. Donnelley & Sons Company (NYSE: RRD) today announced that UK-based Astron, an RR Donnelley company and leading Document Business Process Outsourcing (DBPO) provider, has been awarded a multi-year, $110 million agreement by British Telecom, the leading telecommunication provider in the United Kingdom.
Pursuant to the agreement, which renews and extends Astron's relationship with BT, Astron will provide print-and-mail services for bills, statements and reminders to all of BT's residential and business customers. Astron will also prepare and distribute billing via CD-ROM to select BT business customers. As well as providing this business service directly to BT in support of its billing processes, Astron will provide transactional mailing services to third parties for which BT provides total customer management, including local and central Government agencies.
BT serves more than 20 million business and residential customers in the UK, with more than 30 million exchange lines, and provides network services to other licensed operators.
"We are delighted to build on our relationship with BT with this long term commitment," stated Bob Nelson, President of Astron. "Astron's Document Business Process Outsourcing capabilities are ideally suited to helping BT achieve a range of customer service needs."
About RR Donnelley
RR Donnelley (NYSE: RRD) is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at http://www.rrdonnelley.com .
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
Source: prnewswire
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