Australian Telecom Operator AAPT Streamlines Billing Operations With Major Upgrade of Comverse Solution.

Billing Cycle Time Improves Dramatically

WAKEFIELD, Mass. -- AAPT, the third largest telecommunications company in Australia, has completed a major upgrade of its Comverse Billing solution to consolidate billing operations on a unified platform.

Since completing the upgrade, AAPT has benefitted from significant reductions in the time required to execute critical bill processing, primarily by introducing parallel processing capabilities available in the Comverse Billing platform. For example, one of the larger monthly invoicing processes requires only a tenth of its former time.

"The upgrade in the Comverse Billing solution is a vital first step in our billing consolidation plan and provides a foundation for driving down our overall technology operating costs," said David Yuile, General Manager of Network and Technology at AAPT. "The collaboration between our team and Comverse Professional Services resulted in a smooth and successful transition with outstanding results. Comverse will play an important role as we advance towards an integrated set of applications that is easy to maintain and enhance."

Optimized for key convergent markets, the Comverse Billing solution supports AAPT's billing needs by delivering flexible and powerful customer management, ordering, billing and revenue generation applications. It gives operators the tools to manage every aspect of the customer lifecycle - from acquisition through order management to charging and up-selling - supporting a host of fixed, mobile and Internet-based data services. On a consistent basis, the Comverse Billing solution helps operators accelerate time to revenue, reduce operational costs, and enhance the customer experience.

"To succeed in a convergent communications environment, AAPT understands the need to go beyond the traditional telecom mindset and into the world of personalized and adaptable technology solutions," said Urban Gillstrom, Group President of Global Sales at Comverse, the world's leading supplier of software and systems enabling value-added messaging and content services, converged billing and active customer management,

and IP communications. "The Comverse Billing solution provides the flexibility to maximize opportunities for revenue and growth from innovative multi-play services while streamlining operations."

About AAPT

AAPT is one of Australia's three largest telecommunications companies and offers the full range of local and long distance voice, mobile, data and internet services for residential, business, government and wholesale customers. AAPT is 100% owned by Telecom New Zealand, New Zealand's largest listed company and one of the top 20 largest listed companies on the Australian Stock Exchange. http://home.aapt.com.au/

About Comverse

Comverse is the world's leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Comverse's extensive customer base spans more than 130 countries and covers over 500 communication service providers serving more than two billion subscribers. The company's innovative productportfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, IP, IMS or 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. Important factors that could affect the statements contained herein include: 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; and risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis. The company undertakes no commitment to update or revise forward-looking statements except as required by law.