Irish telecommunications software company Openet Telecom will create 200 jobs following an eight-figure deal with US telecommunications giant AT&T. Bankers JP Morgan say it is the largest deal of its kind.

The company, which is also completing a £10£15 million (P12.7-P19.05 million) second round of funding, will hire in the Republic, Europe and the US, including staff for an engineering laboratory in Hungary, by 2002.