Redknee Solutions Inc. ("Redknee" or the "Company")
TORONTO - July 03, 2007 - Redknee, a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, today announced that Bakrie Telecom (BTEL), a leading Indonesian telecom service provider, is extending its Redknee prepaid Unified Rating and Charging System (URCS) to include postpaid subscribers. Bakrie Telecom will build upon Redknee's existing converged real-time rating and charging solution for voice, data, messaging and content services.
Bakrie Telecom recognizes that a converged system approach, which enables the operator to launch new services quickly and easily via an extensible rating and charging solution, will allow it to sustain and build on its market leadership.
Muhammad Buldansyah, Deputy President Director, Network and Operations at Bakrie Telecom, said:
"We see a tremendous opportunity to use innovative technology to unlock the value of our existing solutions and better manage our operational costs and business performance. The Redknee Unified Rating and Charging System has surpassed expectations over the past 24 months. Convergence between prepaid and postpaid will help improve our operational capabilities and allow us to maintain our commitment to subscribers. The extension of Redknee's converged URCS system, to rate and charge data services for postpaid subscribers in real-time, will provide Bakrie Telecom with more flexibility and performance for our growing data services and customer base."
Lucas Skoczkowski, CEO at Redknee, added:
"Our Converged Billing solution is designed to support millions of prepaid and postpaid users while reducing operational costs, time to market and maximizing ARPU for network operators. We are therefore delighted that an innovative network operator, such as Bakrie Telecom, can leverage our suite of products to meet the growing demands of their subscriber base."
Redknee, established in 1999, provides real-time monetization and personalization products, solutions and services to over 30 mobile operators globally. Redknee Monetization products enables mobile network operators to optimize the lifetime value of each subscriber through advanced billing, rating and charging. Redknee Personalization products enables operators to offer personalized voice, messaging, and data services for the enterprise and consumers to meet mainstream, niche and individual market segment requirements. Redknee customers provide services to over 290 million wireless subscribers in over 20 countries. Redknee Solutions Inc. is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit www.redknee.com.
About Bakrie Telecom
Bakrie Telecom has been operating since 1996, with the product name "Ratelindo". Since the brand "Esia" was initiated in 2003, the company has grown on average 93 percent per annum. Bakrie Telecom awarded national license mid year last year and ready to roll out across Indonesia in mid 2007. Bakrie Telecom continuously launched many innovative products and services to meet local demand at affordable price. We launched two new brands (wifone and wimode) following to the success of Esia in the market. Our focus on "value for money" and innovation in our offerings has driven our corporate performance. Total subscribers jumped 137,7 percent from 757,281 subscribers at 1Q06 yo 1,799,918 subscribers by 1Q07. EBITDA margin widened to 36,2 percent in 1Q07 from 27,2 percent in 1Q06. Bakrie Telecom was listed in The Jakarta Stock Exchange in February 2006.
For more information, visit www.bakrietelecom.com.
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