Suburban Telecom Implements MIND for VoIP Billing
YOQNEAM, Israel–(BUSINESS WIRE)–Dec. 9, 2003–Suburban Telecom BVI, a leading telecommunication service provider in Nigeria and MIND CTI Ltd. (Nasdaq:MNDO), a leading global provider of real-time mediation, rating, billing and customer care solutions for pre-paid and post-paid voice, data and content, today announced that Suburban Telecom has successfully implemented MIND’s Billing and Customer Care product to provide Inter-connect billing for its domestic and international transit network services.
MIND has been a pioneer in offering VoIP mediation, rating and billing since 1997 and has a proven record of efficiently delivering complete solutions within a strict time frame and cost-effective manner. MIND-iPhonEX provides Suburban Telecom with the distinctive advantage of expeditious implementation of convergent billing that includes flexible rating and diverse business models, offering advanced partner management and revenue sharing schemes. MIND-iPhonEX’s highly scalable, open and modular architecture enables unlimited growth and seamless integration with other systems and applications, supporting network and service expansion.
“We required a solution that would allow us to rapidly grow our business. Using MIND’s solution we are able to manage our complex agreements and accurately bill our partners,” said Mr. Anthony Olugbenga Obadina, Vice President of Technology & Business Development at Suburban Telecom. “MIND’s advanced rating and billing capabilities enable us to increase our revenues and offer new and advanced services in the future.”
“The telecom liberalization and the maturity of the VoIP industry enable new carriers to deploy VoIP networks with a proven return on investment. We are extremely pleased to provide Suburban Telecom with our billing platform that will enable them to evolve their business model and deliver new and enhanced voice or data services, driving higher profitability,” said Mr. Sagee Aran, Vice President of Sales for APAC & Africa at MIND.
About Suburban Telecom
Suburban Telecom is an integrated telecommunication service provider. It was incorporated four years ago as a consulting, research and development oriented solution and equipment provider. The company has now ventured into other fields in telecommunications based on its findings in the marketplace. Using the research information and market knowledge, Suburban Telecom has capitalized on the opportunities available to set up cost effective telecommunication networks and services.
For information about Suburban and its services visit the company Web site: http://www.suburbantelecom.com
About MIND
MIND is a leading global provider of real-time mediation, rating, billing and customer care solutions for pre-paid and post-paid voice, data and content. Our customers include worldwide leading carriers servicing millions of subscribers, using our end-to-end solutions for the deployment of new services. MIND operates from offices in the United States, Europe, China and Israeli headquarters. For information about MIND and its products visit the company Web site: http://www.mindcti.com
For financial information, reports and presentations, please visit the Investor Relations site: http://www.mindcti.com/ir
Cautionary Statement for Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company’s business strategy are “forward looking statements.” These statements are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward looking statements involve risks, uncertainties, and assumptions, including the risks discussed in the Company’s filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information.