Hungary’s Magyar Telekom Selects Amdocs to Modernize its Business Support Systems
01 July 2021 - 9:00PM
Amdocs (NASDAQ: DOX), a leading provider of software and services
to communications and media companies, today announced that it has
been chosen by Magyar Telekom, Hungary’s leading telecommunications
service provider, to support its Future of Billing program by
migrating the company’s mobile postpaid business onto the Amdocs’
modernized platform, providing Magyar Telekom with a fully
convergent postpaid business. As part of the deal, Amdocs will
empower Magyar Telekom by streamlining and digitizing its IT
systems, strengthening its position as a flexible and agile
communications provider in the Hungarian market.
Tibor Domokos, billing and revenue management
tribe lead at Magyar Telekom, said: “Our aim at Magyar Telekom is
to provide our customers the best experiences and offerings. As
part of the Future of Billing initiative, we intend to maximize the
customer experience by delivering a convenient, accurate and
easy-to-understand end-to-end billing system, including payments
and post-billing modules. We have begun the Future of Billing
project in order to enhance our competitivity and boost our
digitalization by simplifying the IT landscape and consolidating
billing processes. Amdocs has a successful track record in
delivering such transformational projects and has been our trusted
IT partner for years. We look forward to working with them on this
journey.”
Anthony Goonetilleke, group president of Media,
Network and Technology at Amdocs, said that: “An industry-wide
transformation is underway as service providers gain business
agility and IT velocity as the pace of modernization accelerates.
Magyar Telekom is seizing this moment to consolidate its systems
and provide a leading and truly agile offering to its customers.
With the selection of Amdocs for its strategic Future of Billing
program, we look forward to deepening our partnership with Magyar
Telekom to modernize, digitize and automate its
business.”
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About Amdocs
Amdocs' purpose is to enrich lives and progress
society, using creativity and technology to build a better
connected world. Amdocs and its 27,000 employees partner with the
leading players in the communications and media industry, enabling
next-generation experiences in 85 countries. Our cloud-native, open
and dynamic portfolio of digital solutions, platforms and services
brings greater choice, faster time to market and flexibility, to
better meet the evolving needs of our customers as they drive
growth, transform and take their business to the cloud. Listed on
the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion
in fiscal 2020. 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 Amdocs’ filings 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 and
our Form 6-K furnished for the first quarter of fiscal 2021 on
February 16, 2021 and for the second quarter of fiscal 2021 on May
24, 2021.
About Magyar Telekom
Magyar Telekom is Hungary’s largest
telecommunication operator, providing the full range of
telecommunication and infocommunication (ICT) services, including
fixed line, mobile phone, data transmission and non-voice as well
as IT and system integration services. Magyar Telekom has a
majority shareholding in Makedonski Telekom, North Macedonia’s
largest fixed-line and mobile operator. Magyar Telekom’s majority
shareholder (59.21 %) is Deutsche Telekom Europe B.V., indirectly
fully owned by Deutsche Telekom AG. For further information visit
www.telekom.hu
Media Contacts:
Jeff BarakAmdocs Public RelationsTel: +972 (0)52 645 3637Email:
Jeff.Barak@amdocs.com
Paul CampbellBabel PR for AmdocsTel: +44 (0)20 7434 5552Email:
paul@babelpr.com
Magyar TelekomCorporate Communicationssajto@telekom.hu
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