Overall Solution Deployment Completed in Short Time Frame
Comverse, a subsidiary of Comverse Technology, Inc. and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that MTEL, Montenegro’s newest mobile operator, has deployed the Comverse Converged Billing Suite and various value-added services to complement its offering, including Voicemail, SMS, MMS and Call Completion solutions, powered by the InSight™ Open Services Environment to serve its rapidly growing mobile subscriber base. The deployment was completed within a short timeframe relative to typical industry parameters.
"Our vision to become one of the most dynamic mobile operators in Montenegro is already being fulfilled with our recent service launch,” said Mr. Zlatko Trhuli, Chief Executive Officer of MTEL. “We see Comverse as a true partner with a comprehensive product portfolio that significantly contributes to our market differentiation and positioning as an innovative provider. Equally as important, it was critical for the Comverse solution to be up and running in time for this current tourist season and the ability of Comverse to successfully execute such a rapid deployment credits the dedication and expertise of the Comverse team.”
“We are pleased to see a continued market uptake of the ground-breaking Comverse Converged Billing Suite,” commented Yaron Tchwella, President of Comverse. “MTEL going live within such a short timeframe with our Converged Billing Suite and several Comverse value-added service platforms, such as SMS, MMS, Voicemail and Call Completion powered by InSight OSE, is a major milestone in the telco industry and allows them to maintain the pace with which they have succeeded in establishing their presence as a Total Communication provider in Montenegro.”
The Comverse Converged Billing Suite offers the ability to handle any service, any network and any payment type, and allows businesses to grow revenues and build loyalty by providing their customers with choice, convenience and control. By enabling real-time customer management, Converged Billing allows service providers and e-businesses worldwide to increase market agility and improve operational efficiency. This suite offers a host of new capabilities built upon a foundation of industry-leading, production-proven technology.
About MTEL
MTEL is new telecommunications operator in Montenegro, a country in South East Europe with population of 660.000. MTEL is affiliate of Telekom Serbia, the regional telecommunication leader, which operates in Serbia, Montenegro, and Bosnia and Herzegovina. Telekom Serbia group has more than 5 million mobile and 3 million fixed subscribers in three countries with more than 1 billion Euro annual turnover in 2006.
MTEL has started with commercial operations in July 2007, just 75 days after acquiring license for GSM and UMTS. MTEL is offering voice, SMS, MMS, video call, GPRS, UMTS, HSDPA and roaming services for its prepaid, postpaid and business subscribers. In just three months after the commercial start, MTEL has 12.8 % market share in Montenegro with around 130.000 subscribers. Beside licenses for GSM and UMTS, MTEL holds the license for WiMAX. WiMAX commercial launch is scheduled for October 2007. WiMAX subscribers will be able to use broadband Internet access, VOIP telephony, e-mail service and other services based on IP protocols. For more information, visit
www.mtel-cg.com.
About Comverse
Comverse is the world’s leading provider of software and systems enabling network-based messaging and content value-added services, converged billing 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 Total CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the holistic 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, appointed by the Board of Directors on March 14, 2006, of matters relating to the company’s stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; 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; 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 alleged defaults under the company’s ZYPS indentures, including acceleration of repayment; risks of litigation (including pending securities class actions and derivative lawsuits) 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; risks related to the effects of Verint Systems Inc’s. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; 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, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the company’s ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. The company undertakes no commitment to revise or update forward-looking statements except as required by law.
