True Corporation Expands Strategic Collaboration with Amdocs to Accelerate Introduction of New 5G Offerings
JERSEY CITY, NJ, November 02, 2021 (GLOBE NEWSWIRE) – Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced a multi-year modernization and support agreement with True Corporation, the provider of digital services and fully integrated telecommunications from Thailand. As part of the project, True will upgrade its current billing and billing platform to new cloud-native, 5G-enabled Amdocs CES21 suite software, enabling the communications conglomerate to launch, manage and monetize new services. Innovative 5G.
The implementation of the platform, providing maximum flexibility through the product and offering lifecycle management, real-time billing and invoicing, carrier or subscription billing and converged policy and monitoring 5G Billing (PCC), will allow True to launch and support new business models while reducing time to market.
“Delivering a compelling digital customer experience is the fundamental driving force of our organization. As part of our continued efforts to serve our clients with unique and innovative services in order to maintain our position as the leading provider of lifestyle convergence services in Thailand, we are delighted to extend our strategic partnership with Amdocs which will enable us , among other things, to increase our efficiency. in order to cope with the significant growth of 5G service. said Dr Viriya Upatising, CTO at True Corporation.
“We are excited to extend our long-standing collaboration with True by enabling their digital transformation journey,” said Anthony Goonetilleke, President of Technology and Head of Strategy, Amdocs Group. “Amdocs CES21’s advanced 5G and IoT service design, delivery and monetization capabilities will enable True to introduce new lines of business and deliver innovative digital experiences to their customers, meeting market needs. highly competitive from Thailand. “
Amdocs helps those who build the future make it amazing. Through our industry-leading portfolio of software products and services, we unleash the innovative potential of our customers, enabling them to deliver next-generation communication and media experiences for individual end users and businesses. Our 28,000 employees around the world are here to accelerate the migration of service providers to the cloud, enable them to differentiate themselves in the 5G era, and digitize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs reported sales of $ 4.3 billion in fiscal 2021.
Amdocs forward-looking statement
This press release contains information that constitutes forward-looking statements made in accordance with the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements regarding the growth and business results of Amdocs in the coming quarters. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be met or that any difference will not be material. Such statements involve risks and uncertainties which may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs ‘ability to grow in the commercial markets it serves, Amdocs’ ability to successfully integrate acquired businesses, negative effects competition in the marketplace, rapid technological changes that can render the Company’s products and services obsolete, the potential loss of an important customer, our ability to develop long-term relationships with our customers and the risks associated with l operation of companies in the international market. Amdocs may choose to update these forward-looking statements at some point in the future; however, the Company expressly disclaims any obligation to do so. These and other risks are discussed in more detail in documents filed by Amdocs with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2020 filed on December 14, 2020. 2020 and our furnished Form 6- K for the first quarter of fiscal 2021 on February 16, 2021 and for the second quarter of fiscal 2021 on May 24, 2021.
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