Tusass Selects Amdocs to Modernize Monetization Platform and Unlock New Opportunities in Greenland
Rhea-AI Summary
Amdocs (NASDAQ:DOX) has been selected by Tusass, Greenland's largest telecom provider, to modernize its convergent charging and billing platform. The strategic upgrade aims to enhance Tusass' digital transformation by improving scalability, flexibility, and operational efficiency through a fully virtualized environment.
The upgraded platform will feature a unified service catalog, faster service launches, enhanced disaster recovery capabilities, and seamless integration with open-source technologies. It will also provide support for 5G standalone networks, enabling Tusass to modernize operations and unlock new revenue opportunities.
Thomas Hansen, CIO at Tusass, emphasized the importance of staying ahead of industry trends and providing innovative services, while Amdocs' Group President Anthony Goonetilleke highlighted how the upgrade will help Tusass adapt to modern telecom industry demands.
Positive
- Strategic partnership with Greenland's largest telecom provider
- Platform upgrade enables new revenue opportunities through 5G support
- Enhancement of operational efficiency through virtualization
- Improved service delivery capabilities and disaster recovery
Negative
- None.
Insights
The selection of Amdocs by Tusass for BSS modernization represents a strategically significant win in the Nordic telecommunications market. The deal encompasses critical infrastructure upgrades including convergent charging, billing platforms and 5G standalone network support - all key growth areas in the telecom software sector.
This contract carries several positive implications for Amdocs:
- Strengthens Amdocs' position in the Nordic region, where telecom modernization initiatives are accelerating
- Demonstrates the company's ability to secure deals with national telecom leaders, enhancing credibility for future contracts
- Expands Amdocs' footprint in 5G-ready solutions, a rapidly growing market segment
- Creates potential for recurring revenue through long-term maintenance and upgrade services
The implementation of a unified service catalog and virtualized environment positions Amdocs to capture additional revenue streams as Tusass expands its service offerings. While Greenland's market size is modest, this partnership could serve as a reference case for similar modernization projects in other Nordic markets, potentially leading to broader regional expansion.
Greenland's largest telecom provider upgrades its business support systems (BSS) to enhance agility, unlock new revenue streams, and improve customer experience
JERSEY CITY, NJ / ACCESS Newswire / February 4, 2025 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, announced today that Tusass, Greenland's largest telecom provider, has selected Amdocs to modernize its convergent charging and billing platform. This strategic upgrade marks a milestone in Tusass' digital transformation journey, paving the way for improved scalability, flexibility, and operational efficiency. As part of this transformation, Tusass will transition to a fully virtualized environment, equipping it to meet the growing demand for advanced services.
The upgraded platform will enable Tusass to introduce a unified service catalog, accelerate service launches, enhance disaster recovery capabilities, and seamlessly integrate with open-source technologies. Additionally, it provides robust support for 5G standalone networks, empowering Tusass to modernize its operations, adapt to market dynamics, and unlock new revenue opportunities - all while reinforcing its position as Greenland's telecom leader.
"We are delighted to continue our partnership with Amdocs by embracing this next-generation platform," said Thomas Hansen, Chief Information Officer at Tusass. "As Greenland's leading telecom provider, we must stay ahead of industry trends and provide innovative, reliable services to our customers. With Amdocs' expertise, we can streamline our operations, and deliver enhanced customer experiences."
"Amdocs is proud to support Tusass in this transformative step toward modernizing their billing and operational systems," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "This upgrade will allow Tusass to unlock powerful new tools to adapt to the demands of today's telecom industry, enabling them to remain a leader in Greenland's telecom sector while continuing to innovate for the future."
Supporting Resources
Keep up with Amdocs news by visiting the company's website
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 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
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 regional events or pandemics, 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, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, 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 and our Form 6-K furnished for the first quarter of fiscal 2024 on February 20, 2024, for the second quarter of fiscal 2024 on May 20, 2024, for the third quarter of fiscal 2024 on August 19, 2024, and for the fourth quarter of fiscal 2024 on November 12, 2024.
Media Contacts
Mario Hajiloizi
Amdocs Public Relations
E-mail: mario.hajiloizi@amdocs.com
Katie Owen
Babel PR for Amdocs
Tel: +44 (0) 7490 131475
Email: amdocs@babelpr.com / katie.owen@babelpr.com
SOURCE: Amdocs Management Limited
View the original press release on ACCESS Newswire
FAQ
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