Redknee Monetization Products Enable Competitive Bundled Offering and Improved Service Quality
TORONTO – July 17, 2007 – Redknee (AIM: RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, announced today that two of its monetization products have been selected by Far EasTone Communications Co., Ltd. (4904:Taiwan Stock Exchange) (Far EasTone), a leader in converged mobile communication and Internet services, as part of Redknee’s strategic reseller agreement with CommVerge Solutions Holdings (Asia) Inc. (CommVerge Solutions). The deal constitutes the first phase in a multi-phase project.
Far EasTone currently serves over 6 million subscribers and is actively moving forward with its strategy to provide a converged fixed-mobile service environment. The implementation of Redknee’s next-generation network service capabilities will enable Far EasTone to introduce competitive bundled offerings and improved service quality across its subscriber-base, in addition to delivering operating and capital cost efficiencies.
Jeffey Gee, Executive Vice President, Network Division, of Far EasTone commented:
“As one of the first operators to implement HSDPA and IMS in Asia, our criteria for a policy and data charging vendor were demanding. Together, Redknee and CommVerge Solutions have demonstrated a deep understanding of both our business requirements and the evolving nature of IMS standards.”
CommVerge, in Phase 1 of the project, will provide project management and engineering expertise to integrate Redknee’s Policy Decision Rules Server (PDRS) and Unified Rating & Charging System (URCS) with Far EasTone’s telecommunications network in Taiwan.
Edmund Wei, President & CEO of CommVerge Solutions, commented: “This win provides further demonstration of CommVerge’s integration competencies in advanced IMS networks. Working with Redknee’s world leading standards-based products, we are confident in meeting Far EasTone’s business and network convergence requirements.”
Redknee’s monetization products provide Far EasTone with a real-time converged rating, charging and policy management system for advanced data services across prepaid, postpaid, fixed and mobile subscribers in a unified platform. Redknee’s PDRS and URCS products collectively provide a unified point of control and management of data services across all access types from 2.5G to High-Speed Downlink Packet Access (“HSDPA”) and other emerging technologies.
Lucas Skoczkowski, CEO at Redknee, added:
“Redknee takes great pride in working with Far EasTone, one of Asia’s leading operators and a pioneer in global data services and IMS. This contract is a further example of Redknee’s growing leadership in monetizing mobile IMS networks around the world. By working with our partner CommVerge Solutions, we are deploying our open standard based monetization products to help Far EasTone achieve success through improved quality of service on a per-subscriber, per-transaction basis.”
