CAT Telecom of Thailand Deploys Comverse Billing and Mediation Solutions for Wireless CDMA and Fixed Line Services

Replacement of Legacy Systems Enables CAT Telecom to Enhance Competitiveness

WAKEFIELD, Mass.--(BUSINESS WIRE)--Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that CAT Telecom, Thailand's incumbent communications services provider, has deployed the Comverse Billing and Mediation solutions to support its wireless CDMA and fixed line services, replacing CAT's legacy billing systems. This convergent operator selected the Comverse billing, ordering and mediation solutions to reduce complexity in their BSS infrastructure while increasing market agility.

"The Thai telecommunications market is in the throes of deregulation, and CAT has responded to this change by enhancing our mobile offering with sophisticated features and functionality," stated Jirayut Rungsrithong, SEVP and CFO of CAT. "To support this business transformation, we sought to replace our legacy billing systems with an advanced solution that serves our current needs while handling future growth to a converged network that will offer real-time charging for postpaid subscribers. The Comverse Billing and Mediation Solutions allow us to meet the new demands of our market and improve our competitive position."

Comverse Billing Solutions are optimized for the converging communications market, combining multi-service data mediation and billing with an advanced set of active customer management capabilities, including customer self-service, ordering and activation, real-time charging and payments. Comverse Billing Solutions have been widely adopted around the globe, enabling operators to grow revenues, build loyalty and reduce operating expenses. During the implementation phase, Comverse worked closely with several partners, including Infor and Subex Azure, to ensure smooth system integration.

"With the Comverse Billing Solution in place, CAT is able to better manage its existing subscribers and services, while gaining speed to market and the ability to rapidly introduce new features for full convergence down the road,” said Eitan Achlow, President of Comverse Asia Pacific. "The ability to easily create and charge for churn-reducing convergent services will help CAT to drive subscriber growth and increase its market share in Thailand's competitive mobile market."

About CAT Telecom

CAT Telecom Public Company Limited (CAT Telecom) provides international telephone services, wireless communications, data communications, Internet services and network systems. It was registered as a public company on August 14, 2003 by corporatization of The Communications Authority of Thailand. For more information, visit www.cattelecom.co.th.

About Comverse

Comverse is the world’s leading provider of software and systems enabling network-based messaging and content value-added services, prepaid, postpaid and converged billing, mobile advertising and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's product portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight™ Open Services Environment. Comverse’s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This release contains “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the Company include: the results of the investigation of the Special Committee of the Board of Directors concluded on January 28, 2008, of matters relating to the Company’s stock option grant practices and other accounting matters; the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such investigation or as result of the Company’s evaluation of the application of GAAP in connection with the recognition of revenue; the Company’s inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the Company’s Common Stock from NASDAQ and the quotation of the Company’s Common Stock in the “Pink Sheets,” including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to the Company’s ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the Company’s ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits and any potential civil injunctive action by the Securities and Exchange Commission) and of governmental investigations or proceedings arising out of or related to the Company’s stock option practices or any other accounting irregularities or any restatement of the financial statements of the Company, including the direct and indirect costs of such investigations and restatement; changes in the demand for the Company’s products; changes in capital spending among the Company’s current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the Company or its competition; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost-effective basis; aggressive competition may force the Company to reduce prices; a failure to compensate any decrease in the sale of the Company’s traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the Company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, investments in auction rate securities, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; the risk of declines in information technology spending; risks associated with the Company’s ability to retain existing personnel and recruit and retain qualified personnel. The Company undertakes no commitment to update or revise forward-looking statements except as required by law.

Contacts

Investor/Business Press:
Comverse Technology, Inc.
Paul D. Baker, 212-739-1060
paul.baker@cmvt.com
or
Industry Press:
Comverse, Inc.
Erik Snider, 856-608-4601
erik.snider@comverse.com

Permalink: http://www.businesswire.com/news/home/20081118005201/en

Sharing

  • EmailEmail