Magyar Telekom Selects Amdocs to Deploy Cloud-Native Policy Control Platform for 5G Er
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The modernization of Magyar Telekom's policy control platform through collaboration with Amdocs represents a strategic move in the competitive telecommunications market. By adopting Amdocs' cloud-native policy control platform, Magyar Telekom is positioning itself to leverage the full capabilities of 5G technology. This is critical for maintaining a competitive edge, as 5G is not only about faster speeds but also about enabling a new ecosystem of services such as the Internet of Things (IoT), ultra-reliable low latency communications (URLLC) and massive machine type communications (mMTC).
The integration of Policy and Charging Rules Function (PCRF) for both 4G and 5G networks into a single convergent platform implies a streamlined operational model which can lead to cost savings and efficiency gains. The microservices-based architecture of the platform is essential for ensuring system flexibility and scalability, which are indispensable for responding to the dynamic demands of 5G services and customer expectations.
For stakeholders, the short-term benefits include the potential for enhanced customer experience and the ability to quickly introduce new services, which could translate into increased customer satisfaction and retention. In the long term, the platform's scalability and adherence to industry standards may facilitate easier integration with future technologies and services, thus safeguarding Magyar Telekom's investment.
From a market perspective, Amdocs' expanded partnership with Magyar Telekom is indicative of the growing demand for end-to-end solutions that can support the monetization of 5G services. Providers like Amdocs are crucial enablers for operators seeking to explore new revenue streams in the 5G era. Magyar Telekom's emphasis on accelerating innovative services and the coverage of their 5G network over 65 percent of Hungary suggest a proactive approach to capturing market share in the 5G space.
Investors should note that the adoption of such advanced platforms could potentially lead to a positive impact on Magyar Telekom's financial performance, as the ability to rapidly deploy and monetize 5G services can lead to new revenue opportunities. Furthermore, the focus on zero-touch operations and configurability is likely to improve operational efficiency, which could enhance profit margins over time.
However, the telecommunications industry is capital intensive and such investments in modernizing infrastructure can be substantial. The return on investment will be critical to observe, as the success of this modernization effort will depend on the rate of adoption and the actual monetization of the new services enabled by the 5G rollout.
From a financial perspective, the collaboration between Magyar Telekom and Amdocs should be scrutinized in terms of capital expenditure and the expected return on investment. The deployment of a cloud-native policy control platform is a capital-intensive initiative that will affect Magyar Telekom's balance sheet. However, the investment is justified if it leads to an increase in average revenue per user (ARPU) through the introduction of differentiated 5G services.
Investors should assess the potential impact of this modernization on Magyar Telekom's revenue streams, particularly considering the competitive landscape of telecommunications in Hungary and the broader European market. The ability to quickly scale and introduce new services is a significant advantage, but it must be balanced against the costs associated with the deployment of the new platform.
It is also important to consider the operational benefits mentioned, such as zero-touch operations and configurability, which can lead to a reduction in operational expenses (OPEX) over time. These factors, combined with the potential for increased ARPU, should be key considerations for investors evaluating the financial implications of this strategic move.
Hungarian operator expands collaboration with Amdocs to modernize its policy control platform to accelerate ability to introduce new 5G services and enhance customer experience
JERSEY CITY, NJ / ACCESSWIRE / February 6, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Magyar Telekom, one of Hungary's leading telecommunication operators, has selected the next-generation Amdocs Policy to modernize their Policy and Charging Control function and capture the opportunities of the 5G era.
Under the terms of the multi-year agreement, Amdocs will deploy its fully cloud-native policy control platform, providing Magyar Telekom with a single convergent platform for both Policy and Charging Rules Function across 4G and 5G networks. With its microservices-based architecture ensuring flexibility, scalability, and adherence to the latest industry standards, the Amdocs platform will enable Magyar Telekom to deliver top-line new 5G services to its customers at faster speeds and with a seamless experience.
"Amdocs is already our billing partner, and this expanded relationship will provide us with maximum flexibility for cost-efficient monetization, encompassing both legacy network services and new 5G models," said László Bóka, Platform and Core Services Tribe Lead, at Magyar Telekom. "This collaboration will allow us to accelerate our innovative services, ensuring our customers benefit from the best-in-class solutions across our expanding 5G network, which now covers over 65 percent of Hungary."
"We're thrilled to extend our partnership with Magyar Telekom," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Our policy platform will provide Magyar Telekom with the flexibility they need when building monetization models in the 5G era, while enabling operational benefits based on zero-touch operations, configurability, and scalability."
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About Amdocs
Amdocs 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 approximately 29,000 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
About Magyar Telekom
Magyar Telekom, established in 1991, is one of Hungary's largest telecommunication operators. It provides a full range of telecommunications and infocommunications (ICT) services including fixed line and mobile telephony, data transmission and non-voice, and IT and systems integration services. Magyar Telekom is the majority owner of Makedonski Telekom, the leading fixed line and mobile operator in the Republic of North Macedonia. Magyar Telekom's majority shareholder (63,
Amdocs' Forward-Looking Statement
This 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 and years. 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 macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the recent attacks in Israel and evolving conflict and the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the company's customers, 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, our ability to successfully and effectively implement artificial intelligence and Generative AI in the company's offerings and operations 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, Amdocs 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, 2023, filed on December 13, 2023.
Media Contacts
Mario Hajiloizi
Amdocs Public Relations
E-mail: mario.hajiloizi@amdocs.com
Holly Abbott
Babel PR for Amdocs
Tel: +44 (0)7527 521057
Email: amdocs@babelpr.com / holly.abbott@babelpr.com
SOURCE: Amdocs Management Limited
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