3G Wireless Operator 3 Sweden Deploys Comverse Fun Dial(TM) Personalized Ringback Tone Service.

NEW YORK -- Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication services, today announced that 3 Sweden, owned by Hutchison Whampoa (Hong Kong Stock Exchange: 013) and Investor AB (Stockholm Stock Exchange: INVE-B.SK) has deployed Fun Dial(TM) under the service-name FriendTones to expand their service to include personalized ringback tones.

Fun Dial replaces standard ringing, busy, and call waiting tones with a wide variety of user-selected personalized content, including personal or business messages, music, humor, and sound effects. Users can choose different ringback tone content for individuals and groups of callers. 3 Sweden is using Fun Dial to replace waiting tones for the entire network with 3-branded content to enhance their reputation as a fun and innovative carrier. Subscribers will be able to modify the default ringback tone with the content of their choosing.

"We are all about innovation, fun and adding value and by activating the Fun Dial service with 3-branded music for all our customers, we have really showed this to all Swedish mobile users," said Shlomo Liran CEO at 3 Scandinavia. "We are happy to be a 3G operator that is introducing such a service to the Scandinavian market, and we already see it starting to fulfill its promise of revenue generation and customer satisfaction."

Comverse Fun Dial's complete end-to-end operating environment includes a highly advanced content management platform, as well as an extensive content portfolio, secured through agreements with major international content providers. The platform quickly incorporates new content to take advantage of holidays and important sports and entertainment events. Fun Dial also features full prepaid support and statistical analysis of consumer calling behavior.

"3 Sweden's implementation of ringback tones across their entire network represents a strong endorsement of the Comverse Fun Dial service, and demonstrates the growing popularity of ringback tones," said Gadi Bahat, President of Comverse EMEA. "We welcome 3 Sweden to the growing group of operators who recognize the value of Comverse Fun Dial's technical excellence, features, comprehensive content, and rapid deployment."

About 3 Sweden

The 3 company operates as a brand under the Hi3G Access Corporation, which also owns the 3G licenses in Denmark and Norway. Since May 2003, 3 has delivered telephony services, combined with new mobile services and high speed data transmission. Currently, 3 is expanding its 3G network, making mobile broadband services available for even more people. In the rest of the country, and in large parts of the rest of the world, more than 10 million 3 customers can call, send messages, email and use data services just as they usually do. Globally, 3 has entered the market in nine countries: Australia, Austria, Denmark, England, Hong Kong, Israel, Ireland, Italy and Sweden and has plans to enter Norway as well. Significantly, 3 draws strength from its experiences in every country, and strives to create the best possible synergy between the company's many main offices. The international touch has allowed 3 to expand rapidly in the development of mobile communications.

About Comverse

Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), is the world's leading provider of software and systems enabling network-based multimedia enhanced communication services. These value-added enhanced services solutions, along with the company's real-time billing solutions, comprise the company's Total Communication portfolio. Comverse's Total Communication portfolio addresses four primary categories: call completion and call management solutions; advanced messaging for groups, communities and person-to-person communication; solutions and enablers for the management and delivery of data and content-based services; and real-time billing and account management solutions for dynamic service environments. Other Comverse Technology business units include: Verint Systems, a leading provider of analytic software-based solutions for communications interception, networked video security and business intelligence; and Ulticom, a leading provider of service enabling signaling software for wireline, wireless and Internet communications. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. For additional information, visit the Comverse Web site at www.comverse.com or Comverse Technology's Web site at www.cmvt.com.

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

Note: This release may contain "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include, among others: risks associated with integrating the business and employees of GSS division of CSG Systems, International; 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. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the Company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These documents are available through the Company, or its website, www.cmvt.com, or through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.