BRUSSELS - The Society for Worldwide Interbank Financial Telecommunication has agreed to subcontract its network operations to the telecommunications firm Global Crossing.

Swift said the $300 million agreement, announced Tuesday, will let it concentrate on its core messaging services and leave development and operation of its network infrastructure to Global. It also means the society can give its clients one-stop shopping for local access; premises equipment; and broadband, Internet, and virtual private network services.

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