Swiss bank UBS has selected US technology group CSC to carry out a five-year voice and data network, security and telecommunication services outsourcing contract.

The total contract value of the deal is estimated to be up to $580m for the entire contract’s duration.

The contract is a master services agreement, a type of deal that is highly detailed and establishes clear expectations on rates, responsibilities and services provided.

All of the agreements are subject to regulatory and other approvals and notifications, including consultation of relevant workers councils.