SUBX.L Regulatory News (SUBX)

5 Jun 2007 07:00

Subex Azure Limited05 June 2007 Press release 05 June 2007 SUBEX AZURE SELECTED BY BAHAMAS TELECOMMUNICATIONS COMPANY TO REDUCE FRAUD, INCREASE REVENUES New Revenue Maximization program will help company enhance customer service and improve settlements with other carriers Bangalore, INDIA: Subex Azure Limited, a leading global provider of OSSsolutions for telecom operators, today announced that The BahamasTelecommunications Company Limited (BTC) has selected its NikiraTM, MonetaTM andConciliaTM revenue maximization products to improve its financial performance.Subex Azure's products will proactively monitor BTC's wireless and wirelinenetworks to reduce potential fraud activity and revenue leakage, enhancecustomer service and improve inter-carrier settlements. BTC is a highly successful and advanced wireline and wireless operator servingthe Bahamas Islands in the Caribbean and is one of the largest telecom operatorsin the region with in excess of 200,000 wireless customers. The company operateson the world standard GSM technology platform. BTC chose Subex Azure's industryleading revenue maximization tools to build out a fully integrated program thatwill address the increased threat of leakage and fraud that persists amongglobal wireless operators. BTC also will improve its inter-carrier settlementswith the Concilia solution. "Subex Azure offers the industry's best-in-class automated revenue maximizationsolution," said BTC company representative, Antonio Stubbs. "We look forward toprotecting our customers from illicit activity while improving the overallfinancial performance of our company. As a leading operator in the Caribbean, weare committed to the utmost in customer satisfaction and confidence and thisrevenue assurance, fraud prevention and interconnect billing implementation withSubex Azure further supports this dedication." Using rules-based alarms and artificial-intelligence driven pattern matching toidentify likely fraudulent usage, Nikira enables operators to detect known fraudtypes and patterns of unusual behavior in all telecoms environments - wireline,wireless and across all services. Moneta is a comprehensive suite of automated revenue assurance tools andcapabilities. Moneta offers a set of pre-configured solution templates toaddress revenue assurance issues across areas such as service fulfilment, usageintegrity, retail billing, interconnect/ wholesale billing and contentsettlement. Concilia Interconnect Billing System allows operators to quickly and accuratelysettle charges with their network partners and can be implemented on a varietyof platforms without the need for technical specialists. "Helping to ensure the integrity of our customers' networks and protecting theirrevenues are core strengths of our business," said Subash Menon, FounderChairman, Managing Director and CEO of Subex Azure. "We are pleased to beselected by The Bahamas Telecommunications Company Ltd. as a trusted partner andwe look forward to working with them to build a program that quickly improvestheir bottom-line." -END- About Subex Azure Ltd. Subex Azure is a leading global provider of OSS solutions with a mission toempower telecom operators to achieve competitive advantage and deliver newservice experiences to subscribers. The company pioneered the strategic concept of the Revenue Operations Center(ROC) - a centralized and integrated infrastructure for end-to-end monitoring,measurement and control of the operator's revenue chain - to foster operationaldexterity and hence sustained profitability. Subex Azure's software portfolio powers the ROC and its best-in-class solutionsenable new service creation, subscriber-centric fulfillment, provisioningautomation, revenue assurance & cost management, data integrity management,fraud management and interconnect/interparty settlement. Subex Azure's customers include 32 of the world's 50 largest telecom operatorsby revenue. The company has more than 150 installations in over 60 countries. Subex Azurewas named in the prestigious Deloitte Technology Fast 500 Asia Pacific 2006 listof companies, underlining the company's growth and leadership status. For more information please visit www.subexazure.com Forward Looking and Cautionary Statements Certain statements in this release concerning Subex Azure's products, strategyand future growth prospects are forward -looking statements, which involve anumber of risks, and uncertainties that could cause actual results to differmaterially from those in such forward -looking statements. The risks anduncertainties relating to these statements include, but are not limited to,market acceptance of Subex Azure's products and services, Subex Azure's abilityto implement its growth strategy, competition in Subex Azure's areas of businessand general economic conditions affecting the telecom industry. Further information: In Europe or Asia please contact Alex Crawshaw or Kate Bonner at Catalysistel: +44 (0)20 7101 7333 / 7326alex.crawshaw@catalysis.co.uk / kate.bonner@catalysis.co.uk In the U.S. please contact Guy Murrel at Catapult PR-IRtel +1 303-581-7760gmurrel@catapultpr-ir.com In India please contact Shivaram Lakshminarayan at Genesis Burson-Marsteller PRtel: +91 9886136796shivaram.l@bm.com This information is provided by RNS The company news service from the London Stock Exchange