PLANNED ROLL-OUT OF SERVICE IN GABON ENABLED BY REDKNEE'S CONVERGENT BILLING AND MOBILE MONEY SOLUTIONS
TORONTO, March 26 /PRNewswire/ -- Redknee Solutions Inc. (TSX: RKN), a leading provider of mission-critical software and solutions for communications service providers, today announced that Bintel, a fast-growing telecommunications service provider based in Bahrain and rolling out services in Africa, will deploy Redknee's Turnkey Converged Billing and Mobile Money solutions.
The deal will enable Bintel to differentiate its offering and provide an enhanced subscriber experience when it extends its mobile service in Gabon later this year. With these solutions, the new West African wireless operator will quickly be rolling out advanced personalized services to its subscribers at a reduced delivery cost, bringing value add to the highly penetrated market of Gabon.
"We are excited about Bintel's selection of Redknee's market-leading, turnkey converged billing solution. We look forward to a long-term, strategic partnership with the Bintel Group, and will support its success when services are launched in Gabon," said Redknee CEO Lucas Skoczkowski. "At Redknee, we are continuing our investment in the high growth markets of Africa, the Middle East and Asia Pacific to support the execution of our growth strategy."
Redknee's Turnkey Converged Billing solution for prepaid and postpaid voice, data, and messaging delivers a functionally-rich platform that extends beyond basic rating, charging and billing models, enabling operators to differentiate service offerings in competitive markets. The real-time solution optimizes and improves the overall subscriber service experience - from provisioning, real-time rating and charging, billing and customer care, to providing the tools that allow for fast and flexible pricing, bundling and launching of individualized promotions and new services.
Redknee's Mobile Money Airtime Reseller enables voucherless, prepaid wireless airtime top-up, and addresses the needs of many high-growth network operators and their subscribers. Historically, the purchase of prepaid top-up minutes has largely occurred through a physical voucher-based distribution system, which can prove difficult to support in remote, rural regions. Voucherless top-ups are completed through the electronic, mobile-to-mobile transfer of minutes from a local reseller to the subscriber, boosting the productivity and efficiency of all entities involved in these services.
"Redknee's experience in meeting aggressive timelines and helping wireless operators attract underserved or unpenetrated segments with value-based pricing and service offerings were key in Bintel's decision to deploy Redknee's solutions," said Alawi Baroum, Bintel's CEO. "Redknee's reputation for positively impacting and enhancing the subscriber experience and helping wireless operators drive revenue and profitability, especially in high growth markets, made Redknee the ideal partner for Bintel as we bring our customer-centered services to Gabon."
Bintel has quickly emerged as a fast-growing telecommunications service provider in West Africa, with expanding market share in the Central African Republic and Somaliland. Bintel recently announced plans to significantly increase its Africa footprint in the next two years by foraying into at least three new markets including Gabon, and has pledged USD 250 million for investment in the region as part of its strategic expansion.
For more information about Redknee, visit www.redknee.com Caution Regarding Forward-Looking Information:
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Redknee's product performance and capabilities, investment and resource allocation decisions, and business, economic and market conditions. Such forward-looking statements are not promises or guarantees and involve known and unknown risks, uncertainties and other factors and assumptions that may cause the actual results, performance or achievements of Redknee, or developments in Redknee's business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to: technological change and changes in the industry in which Redknee competes; changing global economic conditions and uncertainties; investment and resource allocation decisions of the company and its customers and partners; product performance and capabilities of the company's solutions and products; credit and collection risk; departure of key personnel; departures of key customers; and other risks detailed from time to time in the Company's filings with the Ontario Securities Commission including Redknee's Annual Information Form dated for the fiscal year ended September 30, 2008. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Redknee does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 70 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc.(TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit http://www.redknee.com/.
Bintel is registered in Jebel Ali - Dubai in 2007, headquartered in Bahrain, and operates in the telecom operations and service providing sector with a current focus on the emerging markets. The company presently has offices in Bahrain, UAE, Lebanon.
Bintel currently operates two mobile services in Central African Republic since mid 2007 and in Somaliland since mid 2008, and a majority stake in Swiss-based Telesonique, and is planning a new launch in Gabon in Q3 2009 with a recently acquired mobile license.
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