OTEGlobe Selects Veraz for Next-Generation Network Migration

Integrated products offer speedy deployment and flexibility

SAN JOSE, CA -- November 14, 2007 -- Veraz Networks, Inc., a leading global provider of IP softswitch and media gateway solutions, today announced that OTEGlobe, a wholly owned subsidiary of OTE - Greece's incumbent telecommunications operator, has selected Veraz following a tender procedure for an NGN deployment spanning eight sites throughout Europe. The solution supports both legacy TDM and IP-based infrastructure allowing OTEGlobe to remain flexible in its service offerings and migrate to IP gradually over time.

OTEGlobe sells international data services, Internet capacity, telephony, collocation and other services to telecom providers on a wholesale basis. The deployment includes Veraz's ControlSwitch(TM) InterConnect softswitch as well as its I-Gate 4000 PRO and I-Gate 4000 EDGE media gateways. Veraz was selected because it is able to deploy the system according to the service provider's aggressive timetable and meet all the technical requirements of OTEGlobe.

The system offers advanced Quality of Service through dynamic routing decisions, policy enforcement and traffic prioritization. Additionally, Veraz's solution facilitates the move to direct IP peering through the support of industry standard IP signaling and control over routing and service policies. The system's integrated Border Gateway and Interconnect Border Control Function (IBCF) enables global carrier IP peering while protecting the carrier network against malicious attacks. The ControlSwitch provides the integrated IBCF and the I-Gate 4000 family of media gateways act as both a media gateway and border gateway.

"Veraz offers a powerful platform that enables us to grow our business flexibly while helping us to differentiate our service offerings, maximize revenues and reduce both capital and operational expenditures," said Dino Andreou, CEO of OTEGlobe.

"We are incredibly pleased to build upon our already successful relationship with OTE Group," said Doug Sabella, CEO of Veraz. "The deployment is a great opportunity to demonstrate how quickly and flexibly a carrier can begin a migration to IP with Veraz's ControlSwitch, while preserving existing infrastructure and improving operational efficiencies."

About Veraz Networks, Inc. (NASDAQ: VRAZ)

Veraz is a leading global provider of IP softswitches, media gateways and digital compression products that enable voice, video and other multimedia services. Wireline, broadband and wireless service providers in over 50 countries have deployed Veraz's IP product suite to transport, convert and manage voice and multimedia traffic over both legacy and IP networks. Veraz products allow service providers to quickly and efficiently migrate from traditional voice networks to all-IP, fixed-mobile and multimedia networks consistent with emerging IMS standards.

About OTEGlobe

OTEGlobe, headquartered in Athens Greece, is a provider of international telecommunications wholesale services to high-capacity carriers and multi-site organizations in the broader SE European region. The company is a wholly owned subsidiary of OTE (ASE: HTO, NYSE: OTE), Greece's leading telecommunications Group, and has been operational since October 2000. OTEGlobe has grown to a regional hub delivering a complete portfolio of voice, data/IP and capacity services over a robust infrastructure.

OTEGlobe operates two dual path high capacity optical networks, the GWEN and the TBN, stretching from Greece to Western Europe as well as an IP/MPLS network (MSP) with 14 nodes in Western Europe, SE-Europe and New York. In addition, OTEGlobe has rights in several regional and transatlantic submarine cable systems, trans border fiber optic networks to all neighboring countries and more than 150 direct bilateral routes.

Veraz Contacts:
Ilene Adler, +1-415-984-1970 ex102, [email protected]

Ed Camarena, +1-408-750-9424, [email protected]

OTEGlobe Contacts:
Liana Moschou, +302108762583 [email protected]

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