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October 12, 2011
Redknee (News - Alert) Solutions, a provider of business-critical billing and charging software and solutions, announced its agreement to support the launch of a mobile virtual network operator (MVNO) in Latin America.
The value of the license agreement is more than $5 million over the initial four-year term, according to company officials.
Redknee will deploy and manage the MVNO’s billing solution. The Latin American operator will benefit from Redknee's real-time converged billing solution as the MVNO will be able to concentrate on its branding and marketing campaigns.
“This win demonstrates our ability to enable new market entrants to successfully launch with the support of innovative solutions and services that span the end-to-end spectrum of user needs,” said Lucas Skoczkowski (News - Alert), CEO of Redknee Solutions, in a statement.
“It encourages us to continue to invest in developing cloud-based and in-network real-time monetization solutions that support the growth of wireless, multi-play and alternate service providers in Latin America and around the world,” Skoczkowski added.
The Latin American MVNO can launch mobile services quickly by leveraging Redknee's turnkey billing solution. Redknee’s end-to-end solutions address activation, provisioning, customer care, unified rating, messaging, real-time charging, billing and invoicing.
Redknee's billing platform offers an integrated promotions engine along with powerful business intelligence and analytics that enable mobile virtual network enablers (MVNEs) to help MVNOs gain deeper insight into subscriber usage.
The deal marks Redknee’s first expansion into the Latin American market which is experiencing tremendous growth in subscribers.
Recently, Redknee announced that a regional U.S. wireless operator selected Redknee's converged billing solution to replace its legacy solution. With Redknee’s solution, the communications provider will focus on driving subscriber acquisition, increase revenues and improve profitability.
Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by Jennifer Russell