Thursday 11th 2010f March 2010 03:43:35 PM
VimpelCom currently has in excess of 15 million subscribers across Russia. “Vimpelcom is growing rapidly as Russian consumers sign up for GSM services in ever increasing numbers,” said Vimpelcom Vice-President, Mr. Andrei Kouznetsov. “We are also growing the number of interconnection agreements we have with other operators across Russia and around the world. Accurate interconnect bill reconciliation is very important to ensure that we are not being overcharged by, or overcharging, our partners. InterconnecT AR will also allow us to substantially cut the time and cost associated with this business activity, and we expect to achieve rapid return on investment through more accurate bills and reduced operational expenses.”

Interconnect bill reconciliation is a time-consuming and expensive process for operators. Such bills commonly represent tens or even hundreds of millions of Pounds of both revenue and cost to carriers, and even small delays and inaccuracies in settlement can have a substantial impact on cash flow and profitability.
 

Chocolate Chip Cookies
Anti-Static Bags and Static Electricity
Telecom News
Kate Middleton
C Band Programming
Cleaning Products Cleaners and Vacuums

3G Billing - Inter-mediatE from Intec Telecom Systems is the world’s most scalable, flexible and powerful convergent mediation system, Its distributed, component-based architecture adapts rapidly to your business needs, delivering the highest quality of information to your downstream systems. Best of all, Inter-mediatE is installed and working in over 110 of the world’s busiest mobile, fixed, 3G, GPRS and IP networks.

Telecom Billing News - We feature articles about what is really going on in the telecommunications industry, typically behind-the-scenes information.


Latest Telecom News

Moreover Technologies - Telecom news
Telecom news - more than 340 categories of real-time RSS news feeds

Trading Stocks Made Easy - Sponsored Link
Ad - www.InvestorSoup.com Mar 11 2010 7:07PM GMT
Verizon's One-on-One Droid Training
Computerworld Mar 11 2010 7:07PM GMT
Poor Bill Gates: Mexican telecom tycoon grabs Richest Man title
InfoWorld Mar 11 2010 7:06PM GMT
Chinese Telecom Operators Core Business Revenue Up 5% In January 2010
ChinaTechNews.com Mar 11 2010 7:05PM GMT
AT&T Wins Frost & Sullivan 2009 Market Leadership Award in Dedicated Internet...
Interest!ALERT Mar 11 2010 7:04PM GMT
Opera Mini 5 Released for Android-Powered Smartphones (NewsFactor)
Yahoo! News Mar 11 2010 7:04PM GMT
BOCI selects SunGard's Global One securities finance solution - Z...
Zibb Mar 11 2010 7:04PM GMT
Batelco to provide telecom at Bahrain F1 venue
Trade Arabia Mar 11 2010 7:04PM GMT
Feds pledge tough review of Comcast-NBC deal
Miami Herald Mar 11 2010 7:03PM GMT
Chinese law may have bearing on Vodafone case
Livemint.com Mar 11 2010 7:03PM GMT
Motorola to add Microsoft's Bing to smart phones
Miami Herald Mar 11 2010 7:03PM GMT
Verizon to Make 3G Look Slow with First 4G Phone in 2011
Digital Trends Mar 11 2010 7:01PM GMT
Motorola Abandons Google for Bing on Android Phones
Digital Trends Mar 11 2010 7:01PM GMT
Motorola chooses Bing over Google for search on Chinese Android phones
ZDNet Mar 11 2010 7:00PM GMT
Wholesale Evolution Windows Mobile Smartphone 3.2 Inch Touchscreen
PRLog Mar 11 2010 7:00PM GMT

COEH Home Page

 
 

Intec extends relationship with VimpelCom with contract worth over $500,000 for new InterconnecT Automated Reconciliation system

August 24, 2004: Intec Telecom Systems, a global provider of operations support systems (OSS) for fixed, mobile and IP/next-generation networks, today announced it has signed a contract with VimpelCom, one of Russia's leading providers of wireless telecommunications services, for Intec’s InterconnecT Automated Reconciliation (InterconnecT AR) solution. The deal, worth in excess of $500,000, will allow VimpelCom to automate the process of reconciling incoming invoices and outgoing bills for interconnection charges. The deal extends Intec’s relationship with VimpelCom, which is already rolling out Intec’s market-leading InterconnecT billing system across its GSM properties in Russia.

“This is a key win at one of the world’s fastest growing mobile carriers,” said Intec CEO, Kevin Adams. “Intec is expanding the portfolio of carrier grade OSS it can offer to customers, with an emphasis on strong return on investment. InterconnecT AR will help VimpelCom to cut costs in the complex area of bill reconciliation as well as improving the accuracy and completeness of its billing processes.”

InterconnecT AR enables automation of the process for comparing interconnect charge information from multiple interconnect accounting systems. It automates bill reconciliation processes through exchange, comparison and settlement of aggregated billing data. This helps avoid the overhead of manual handling of individual transactions – reducing settlement time and improving the accuracy of interconnect charges. InterconnecT AR supports both generic reconciliation and reconciliation using established standards such as CODIFI and DETRAF.

Automated reconciliation offers the opportunity not only to speed up the settlement process, but also to make better use of resources, reduce operating costs and streamline business processes. Automatic reconciliation shortens settlement cycles by automating a number of processes and reducing the risk of disputes. Cash-flow management is improved, as amounts payable and receivable can be traced and monitored closely at different stages. Automatic reconciliation need not be restricted to a simple comparison of rated information: it can also be used to identify areas of dispute and suggest potential resolutions. It can also provide automatic adjustments. Financial risk can be minimised by operators agreeing to pay an amount on the understanding that there will be a later adjustment after reconciliation.

About VimpelCom
VimpelCom (NYSE: VIP) is one of Russia's leading providers of wireless telecommunications services. The company operates under the 'Bee Line GSM' brand, one of the most recognized brand names in Russia. VimpelCom is recognized for introducing two digital cellular communications standards in Russia. It built the first dual band GSM-900/1800 cellular network in Russia and leads the development and emergence of the mass consumer market for wireless telecommunications in Russia with prepaid products.

VimpelCom offers telecommunications airtime and value-added services through GSM and D-AMPS wireless networks, with around 98% of its subscribers using GSM. It provides interconnections with other fixed and mobile networks and access to roaming - all under contract and prepaid payment plans. The VimpelCom Group's license portfolio covers approximately 94% of Russia's population (136 million people), including the City of Moscow, the Moscow Region and the City of St. Petersburg.

As of May 27, 2004, VimpelCom's total number of subscribers was 14.93 million, with 6.22 million subscribers in the Moscow license area and 8.72 million subscribers in the regions outside Moscow. VimpelCom was the first Russian company to list its securities on the New York Stock Exchange (NYSE) in November 1996. Its ADSs (American Depositary Shares) are traded under the symbol "VIP".

About Intec Telecom Systems
Intec Telecom Systems is the world’s leading Operations Support Systems (“OSS”) product vendor for fixed, mobile and next-generation networks (i.e. WLAN, 3G and IP), with more than 570 installations of its products worldwide in over 400 customers. Founded in 1997, Intec was listed on the London Stock Exchange (Code: ITL.L) in June 2000. In 2003 Intec reported revenues of £50.7 million, with adjusted net earnings after tax of £4.1 million.

Intec’s product portfolio includes:
• Inter-mediatE™ - billing mediation solution
• InterconnecT Billing - inter-carrier billing including US CABS and ITU-based settlement
• Inter-activatE™ - flow-through provisioning and service activation
• Intec CPM™ - end-to-end content partner management
• Intec DCP™ (Dynamic Charging Platform) – a real-time pre/post-paid charging interface between the network and the back office

Intec’s telecom billing software customer base includes, among others, BellSouth, BellSouth Peru, Brazil Telecom, Cable & Wireless, Cesky Telecom (Czech Republic), China Unicom, COLT Telecommunications, EBT (Taiwan), Eircom (Ireland), Energis, France Telecom, Hutchison 3G, Maxis (Malaysia), Nitel (Nigeria), Reliance (India), Singtel Optus (Australia), O2 Ireland, Orange, Telecom Argentina, Telecom Egypt, Telecom Italia, Tiscali, TPSA (Poland), Swisscom, T-Mobile International, Telia (Sweden), Telefonica, Telkom South Africa, Telstra, US Cellular, Westel (Hungary), Vodafone, VimpelCom (Russia), Vivo (Brasil) and Verizon. For more information, see the Intec website at www.intecbilling.com.


More Telecommunication News

Telecom News
Telecom news continually updated from thousands of sources around the net.

Siemens Expanding Charlotte Power Unit, Adding 825 Jobs

German industrial conglomerate Siemens AG plans to add hundreds of jobs as it expands a Charlotte unit into a global production hub for a type of gas-powered turbine for electric utility plants.


Cincinnati Bell Prices Offering of $625 Million of 8.75% Senior Subordinated ...

Cincinnati Bell Inc. today announced that it has priced a public offering of $625 million aggregate principal amount of senior subordinated notes due 2018, which represents an increase of $225 million from the preliminary prospectus supplement.


Huge 'botnet' amputated, but criminals reconnect

The sudden takedown of an Internet provider helping spread a promiscuous piece of malicious software has cut off criminals from possibly millions of personal computers under their control.


Cable, Sat. TV Firms Ask Gova t to Stop TV Blackouts

The most recent showdown between the two sides left millions of Cablevision customers around New York with a black screen at the start of the Academy Awards.


Fulbright's Lun Recommends Selling PCCW Shares: Video

March 10 -- Francis Lun, general manager of Fulbright Securities Ltd., talks with Bloomberg's Haslinda Amin about his investment strategy for PCCW Ltd.


Goldman Sachs looking to stop Shaw Communications from controlling Canwest

Goldman Sachs Group Inc. is seeking leave to appeal a lower court's ruling that allowed Shaw Communications Inc.


Stock market closes lower

Commodity and financial stocks pushed the Toronto stock market lower Tuesday as oil and gold prices fell and Scotiabank failed to encourage buyers even as its latest earnings beat expectations.


Avaya: Avaya and Polycom to Jointly Develop and Market Video and Voice Commun...

LONDON/GUILDFORD/SLOUGH, UK, Mar 09, 2010 -- Avaya and Polycom, Inc. [Nasdaq: PLCM], are expanding their existing relationship and will jointly develop and market integrated video, voice and collaboration solutions.


Seacrest's accused stalker enters plea

A man who has repeatedly shown up at Ryan Seacrest's work and events has pleaded no contest to felony stalking.


Cable group wants U.S. FCC to end fee disputes

A coalition of cable and satellite companies will this week call on the U.S. Federal Communications Commission to create a new process to resolve increasingly bitter disputes over carriage fees paid to broadcasters.


Moffett Says AT&T May Need Cable to Ease Network Jams: Video

March 8 -- Craig Moffett, an analyst at Sanford C. Bernstein & Co., talks with Bloomberg's Margaret Brennan and Matt Miller about the outlook for wireless network demand as new mobile devices are introduced.


PCCW 2009 net up 19% on lower costs

Hong Kong telco says major shareholders will not pursue another takeover attempt.


Sprint To Pay Down Debt, CFO Says; Shares Climb

Shares of Sprint Nextel Corp. rose Monday after Chief Financial Officer Bob Brust told investors the telecommunications company plans to pay down its debt and continue to strengthen its balance sheet.


Nasdaq rises on upgrades, market barely budges

NEW YORK Technology shares pushed the Nasdaq higher on Monday on an otherwise flat day for stocks, led by BlackBerry maker Research in Motion and Cisco Systems.


Cisco Shares Rise Before 'Significant' Announcement

Cisco Systems Inc. shares rose to their highest level in more than a year the day before the network-equipment maker promised to make a "significant" product announcement.



COEH Home Page

 
© 2003-2004 The COEH Web Portal All rights reserved. Terms of Use and Disclaimer