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Venezuelan Wireless Operator Movilnet Selects Comverse Solutions for Billing and Mobile Internet Gateway.

Expands Relationship with Comverse

WAKEFIELD, Mass. -- 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 Telecomunicaciones Movilnet CA, a leading mobile operator in Venezuela, will expand its use of Comverse Billing Solutions by deploying Comverse's Real-Time Billing Solution (RTBS) and leveraging its real-time marketing capabilities. Movilnet will manage all of its prepaid and postpaid subscribers across both its GSM and CDMA networks with Comverse billing solutions. In addition, Movilnet will deploy the Comverse Mobile Internet Gateway to offer subscribers an enriched mobile browsing experience. Movilnet, owned by CANTV (Compania Anonima Nacional Telefonos de Venezuela), provides nationwide service and currently offers the broadest 3G coverage in Venezuela.

"In anticipation of the upcoming rollout of our GSM network, we needed a reliable and robust solution for our prepaid customers," said Ernesto Ramos Henningsen, Operations and Systems VP of Movilnet. "We have been particularly pleased with our relationship with Comverse and the billing capabilities they have delivered. Therefore, upon evaluating the powerful real-time marketing capabilities of RTBS and the enhanced browsing functionality provided by the mobile Internet gateway, Comverse was clearly the best choice. We anticipate these solutions will have a positive impact on the revenue generation capabilities of our value-added services and airtime."

Comverse's Real-Time Billing Solution provides real-time rating and charging for voice, content and other value-added services in over 50 countries worldwide. The solution serves as a strategic marketing engine for mobile operators by offering advanced personalization capabilities and a la carte service plan customization to enable operators to increase revenues, profitability and long-term loyalty from subscribers. The solution brings new flexibility to the billing environment with its extensible architecture facilitating faster time-to-market.

Comverse Mobile Internet Gateway is a best-of-class, mobile Internet browsing solution already supporting hundreds-of-millions of subscribers worldwide. With its cost-effective, high capacity data infrastructure platform, the gateway enables operators to monetize the mobile Internet and manage the ever-growing mobile data traffic activity in a centralized manner. By using the Comverse Mobile Internet Gateway, operators maintain their position in the content value chain by providing benefits both to subscribers and content providers.

"There has been much activity lately in the Venezuelan telecom industry and Comverse is pleased to have a growing presence here," said Ramesh Barasia, President of Comverse Americas. "We are pleased to extend our relationship with Movilnet, the country's largest mobile operator, and cover all their subscribers with comprehensive and flexible billing solutions and an enriched mobile browsing experience. Once our Real-Time Billing solution is in place, Movilnet can enhance their one-on-one relationships with subscribers."

About Movilnet

Telecomunicaciones Movilnet is the leading Digital Wireless Communications provider in Venezuela. It is part of CANTV holding, which is the largest communications company in the country in Fixed Lines, Digital Wireless, Broadband and Dial-Up Internet Access and other services provided nationwide.

The mission of Movilnet is to become the preferred wireless provider as a result of its excellent customer service, innovation and network reliance. Its capable, trained and motivated staff is the key to maintaining performance and achieving this mission. Its EVDO network currently offers the broadest 3G coverage in Venezuela.

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 Communication(SM) portfolio facilitates personalized lifestyles in an evolving connected world and is based on the holistic InSight[TM] 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 3, 2007
Words:1195
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