Connectiva Systems Selected by YTL Communications to Assure its WiMAX Revenue Stream
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Leading provider of revenue and risk management solutions to enhance profitability for WiMAX operator in Malaysia NEW YORK--(Business Wire)-- Connectiva Systems, Inc., a leading provider of revenue and risk management solutions, today announced that it has been selected by YTL Communications Sdn Bhd, the communications arm of the Malaysian based conglomerate, YTL Corporation Berhad, to implement Connectiva AFFIRM and manage its revenue assurance processes. Built on an open standard based analytics framework, Connectiva AFFIRM will enable YTL Communications to identify, correct and prevent leakage across its entire revenue chain including its BSS and OSS components. YTL Communications is currently deploying the world`s first nationwide 4G network, having been awarded a license for a WiMAX 2.3 GHz wireless broadband access spectrum by the Malaysian Communications and Multimedia Commission (MCMC). In addition, Connectiva will provide re-rating and re-billing services to support this network. "The need for strong revenue assurance solutions has become increasingly important as we gear ourselves for the commercial launch of our nationwide 4G service later this year," said Lee Nyit Toong, the CFO of YTL Communications. "The appointment of Connectiva portrays our firm commitment to continue working with best-in-class partners in our 4G network deployment. We are pleased to partner with Connectiva and look forward to future success," added Mr. Toong. "We are delighted that YTL Communications has selected Connectiva to provide the highest quality revenue assurance solutions and to support the expansion of its 4G network," said Avi Basu, CEO of Connectiva Systems. "WiMAX usage in the Asia-Pacific region alone is expected to increase at a compound annual growth rate of 102 percent between 2009 and 2015.[1] The market potential combined with YTL Communications` nationwide 4G network present an excellent opportunity for both companies." Tech Mahindra, a global systems integrator and technology solutions provider to the telecom industry, and Cisco Systems, Inc., the worldwide leader in networking for the Internet, will act as the suppliers for the BSS and OSS components of the implementation. About YTL Communications YTL Communications Sdn Bhd is the communications utility of YTL Power International Berhad which is a subsidiary of a Malaysian based conglomerate, YTL Corporation Berhad. The Company has been awarded a licence from the Malaysian Communications and Multimedia Commission (MCMC) to operate a 2.3 GHz wireless broadband network in Malaysia providing affordable, world-class services that improve the way people in Malaysia work, learn and play. With a strong financial backing from the parent company and the technological know-how from strategic, best-in-class partners such as Cisco, Clearwire, GCT and Samsung, YTL Communications will roll out the world`s first nationwide 4G network in 2010. As a responsible corporate citizen, YTL Communications is committed to bridging the digital divide between the urban and rural communities, improving the quality of life, and supporting efforts to promote technological innovation. For more information, please visit: www.ytlcomms.my. About Connectiva Systems Connectiva Systems is a revenue management software company whose solutions enable telecom, media and utility companies to reduce revenue leakage, minimize fraud, lower churn, improve operational effectiveness and increase over-all profitability. Leading global service providers ranging from 2 million to 100+ million subscribers and in a variety of segments across mobile, cable, wireline and business services have partnered with Connectiva to identify and recover more than $500 million in revenue leakage. Connectiva has won numerous awards and has been consistently recognized as a thought leader in revenue management. Headquartered in New York City, the company is privately held and has offices in Mexico City, London, Dubai, Bahrain, New Delhi, Kolkata and Singapore. For more information, please go to www.connectivasystems.com U.S.: Gutenberg Communications Kerri Hazama, +1.212.810.4168 kerri@gutenbergpr.com or India: Gutenberg Communications Dimple Khanna, +91.11.41324969 dimple@gutenbergpr.com or UK: Gutenberg Communications Shalini Siromani, +44.20.7470.8894 Shalini@gutenbergpr.com Copyright Business Wire 2010
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