Amdocs Will Help MTS Bring Innovative Digital Content to Customers through a Rich Partner Ecosystem
ST. LOUIS, July 31, 2018 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it has been selected as a technology partner for MTS, the leading telecommunications group in Russia, to be a part of the initial stage of a project that will enable MTS to capitalize on growing partner-based digital content opportunities, while increasing partner and customer satisfaction. When the project is completed, MTS will gain a partner environment with an open, modular and integrated solution created by MTS and based on the Amdocs platform that will help enable it to achieve greater levels of self-service, a reduction in manual processes, and simpler onboarding of new partners in emerging areas such as IoT.
On project completion, MTS is expected to be able to efficiently maintain multiple partnerships, encouraging new revenue streams from pioneering partner-based content, alongside increased operational efficiency and robust partner invoicing and settlement. The project is a testament to MTS’ ambition and intent to expand its value-chain. In the initial phase of the project, Amdocs will provide end-to-end partner management for MTS across more than 3,000 active partners including content providers, satellite TV sales channels, MTS affiliates and IP rights owners for media channels; including Discovery, Universal, A-Media and VIACOM.
“In today’s digital age, new offerings are increasingly being created with a diverse eco-system of partners that bring the latest innovations and compelling content,” said Vyacheslav Nikolaev, Vice-President of MTS for Marketing. “With this new partner environment, MTS anticipates bringing a new level of ease and simplicity to all of our partners so together we can continue to drive increased value and innovative new services to our customers.”
“MTS is at the forefront of providing its customers value-added digital content services while demonstrating that this is an effective way for communications service providers to grow revenue and increase loyalty,” said Anthony Goonetilleke, group president, Amdocs Technology. “We are pleased to partner with MTS as they accelerate the introduction of new content partnerships and business models and drive increased profitability in their enterprise business.“
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Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.9 billion in fiscal 2017. For more information, visit Amdocs at 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. 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 economic conditions, 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, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company’s filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2017 filed on December 11, 2017 and our quarterly 6-K form furnished on February 12 and May 21, 2018.
Mobile TeleSystems PJSC (“MTS”) (NYSE:MBT) (MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. We serve over 100 million mobile subscribers in Russia, Ukraine, Armenia, and Belarus, and about 9 million customers of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.ir.mts.ru.
MTS Forward-Looking StatementSome of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company’s most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
Linda HoriuchiAmdocs Public RelationsTel: +1 (201) 631-6810E-mail: firstname.lastname@example.org