Star Metro - Tusass Selects Amdocs to Modernize Monetization Platform and Unlock New Opportunities in Greenland

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."

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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 $5.00 billion in fiscal 2024. For more information, visit www.amdocs.com

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: [email protected]

Katie Owen
Babel PR for Amdocs
Tel: +44 (0) 7490 131475
Email: [email protected] / [email protected]

SOURCE: Amdocs Management Limited

View the original press release on ACCESS Newswire

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