Globe Launches New 5G Monetization Services with Amdocs Next Generation Charging
Evolution of Amdocs' charging solution at Globe will provide Philippine operator with the agility to quickly introduce innovative offerings while reducing operational costs
JERSEY CITY, NJ / ACCESSWIRE / January 31, 2023 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the expansion of its strategic collaboration with Globe Telecom, a leading service provider in the Philippines, to modernize Globe's existing charging capabilities, speeding up time to market for new products and services.
Under the agreement, Amdocs will deploy its real-time charging solution across Globe's multiple data centers and migrate the current charging system and subscribers to the new platform. This will add resiliency and stability to Globe's system ensuring seamless delivery of services without any disruption while enabling them to quickly launch differentiated 5G services to consumers and businesses across all lines of business. Furthermore, the platform will support API-based charging, allowing Globe to monetize digital and fintech services. Amdocs 5G supported real-time charging solution is a cloud native micro services-based solution.
Raul Macatangay, CIO at Globe Telecom said: "In the era of digital convergence, it is imperative to ensure continuous modernization of business support system in order to embrace new business models and meet evolving customer expectations. Building on our partnership with Amdocs, their 5G-native charging solution will provide us with the benefits of flexible, efficient real-time charging and monetization capabilities, empowering us to meet emerging business demands and customer needs."
Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs said: "We are pleased to expand our collaboration with Globe Telecom and provide them with our latest charging platform, offering seamless monetization opportunities for standalone 5G and beyond. As Globe moves forward on their digital journey, Amdocs platforms will help them drive revenue growth and deliver compelling experiences to their customers."
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Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 31,000 employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.58 billion in fiscal 2022. For more information, visit www.amdocs.com
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's clients' businesses and levels of business activity, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2022 filed on December 13, 2022.
Amdocs Public Relations
SOURCE: Amdocs Management Limited
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