True Corporation Expands Strategic Collaboration with Amdocs to Accelerate Introduction of New 5G Offerings
03 November 2021 - 7:05AM
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,
Thailand’s fully-integrated telecommunications and digital services
provider. As part of the project, True will upgrade its current
billing and charging platform to software from the new cloud-native
and 5G-ready Amdocs CES21 suite, enabling the communications
conglomerate to launch, manage and monetize innovative new 5G
services.
The implementation of the platform, offering
maximum flexibility through product and offering lifecycle
management, real-time billing and charging, carrier or subscription
billing and 5G convergent policy and charging control (PCC), will
empower True to launch and support new business models while
reducing time to market.
“Providing a compelling digital customer
experience is our organization’s fundamental driving force. As part
of our continued efforts to serve our customers with unique and
innovative services to maintain our position as Thailand’s leading
convergence lifestyle service provider, we’re delighted to extend
our strategic partnership with Amdocs which will allow us, among
other things, to increase efficiency in order to accommodate the
significant growth of 5G service .” said Dr. Viriya Upatising,
Chief Technology Officer at True Corporation.
“We’re pleased to extend our long-standing
collaboration with True enabling their digital transformation
journey,” said Anthony Goonetilleke, Amdocs Group President of
Technology and Head of Strategy. “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 the
needs of Thailand’s highly competitive market.”
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About AmdocsAmdocs 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 28,000 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 $4.3 billion in fiscal 2021.
Amdocs’ Forward-Looking StatementThis 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.
Media Contact:
Deepshikha
Amdocs Public Relations
Tel : +91-9718024780
E-mail : deepshik@amdocs.com
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