|
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.
ClearOne's attorney fees for CEO undecided
An appellate court ruled that ClearOne Communications Inc.'s agreement to pay attorneys fees for its former CEO came with conditions, including that she not break the law.
Verizon hikes quarterly dividend 2.6 percent
Verizon Communications Inc. said Thursday it is hiking its quarterly dividend by 1.25 cents, or 2.6 percent, to 48.75 cents per share.
UN telecom chief says RIM should compromise
The International Telecommunication Union agency's Secretary-General Hamadoun Toure said that all governments engaged in the fight against terrorism had the right to demand access to users' information from the maker of the BlackBerry -- Waterloo, Ont.-based Research in Motion Ltd.
Google, Skype targeted in India security crackdown
India has widened its security crackdown, asking all companies that provide encrypted communications _ not just BlackBerry-maker Research In Motion _ to install servers in the country to make it easier for the government to obtain users' data.
Nokia launches Swype Beta for symbian OS
gstek said in the Telecom Forum: Swype Inc. and Nokia Beta labs introduces " Swype Beta for Symbian " , An application who provides a faster and easier way to input text
UPDATE 1-Time Warner Cable, Disney yet to reach deal
Time Warner Cable and Walt Disney Co ensured millions of U.S. cable customers can still watch some of their favorite TV programs while the companies kept working on a new programming deal after a midnight deadline passed.
FCC Strikes Down Free Broadband Plan
The U.S. Federal Communications Commission has closed the door on a controversial proposal for a way to use a chunk of wireless spectrum, but continues to consider how best to deploy the valuable spectrum.
Cisco, Itron team on smart-grid networking
Networking giant Cisco Systems announced Tuesday a deal with meter maker Itron to advance Internet Protocol-based communications for the power grid.
FCC seeks public input on new 'net neutrality' rules for wireless, specialize...
Federal regulators are seeking public input on what rules should apply to wireless Internet access and specialized services that aren't part of the Internet but are delivered over wired broadband connections.
Apple unveils Ping Social Network and new small TV box
gstek said in the Telecom Forum: Apple CEO Mr. Steve jobs announced a new social network for music built into iTunes and a new version of the Apple TV box in an event held today in San Francisco.
China demands ID from all buyers of mobile phone numbers
Government says it hopes junk will be sunk by rules on new numbers, but critics fear more monitoring of citizens Associated Press in Beijing guardian.co.uk , A Chinese woman exits a China Mobile self-service outlet in Beijing.
India seeks 'lawful access' to all telecom data
India has asked companies that allow users to make voice calls over the Internet to provide access to their encrypted data.
Applied Signal 3Q profit increases
Applied Signal Technology Inc., a maker of intelligence and surveillance products, said Tuesday that its fiscal third-quarter profit increased as revenue from its network intelligence unit rose.
The Closing Bell | Regional stocks, led by Compass and KC Southern, edge higher
A handful of regional stocks closed higher Tuesday, reflecting the continued caution among investors in the stock market.
Start-up seeks to outflank Google in new market
While Google Inc. long ago achieved dominance of Internet search-advertising in the U.S. and many foreign markets, start-up OpenX Technologies Inc.
COEH Home Page
|