SITRONICS Launches Billing Platform in Mumbai
JSC Sitronics
SITRONICS LAUNCHES BILLING PLATFORM IN MUMBAI
MOSCOW, Russia – December 16, 2009 – JSC SITRONICS (SITRONICS or
the “Group”) (LSE: SITR), a leading provider of telecommunications,
information technology and microelectronic solutions in Russia and the
CIS, with a growing presence in other EEMEA emerging markets, today
announced that it has launched a billing platform for pan-Indian
telecoms operator Sistema Shyam TeleServices, which trades under the
MTS-India brand.
The billing platform is based on FORIS OSS software, which includes CRM,
Roaming and Interconnect Billing subsystems. It is supported by a
hardware platform designed to serve 6 million subscribers. After being
implemented in Mumbai and the state of Maharashtra, the new platform
will be rolled out to other regions of the country.
The implementation of the new billing platform is a part of the US$ 64
million agreement announced by SITRONICS in April 2009 to deliver,
deploy and support CRM and billing systems for MTS-India over three
years. This large project will see the delivery of a complex hardware
and software platform providing automated settlements between
subscribers and telecom operators.
SITRONICS will also deliver and install the FORIS Revenue Assurance
platform and Fraud Management System for MTS-India in 2010. SITRONICS
will replicate the billing platform across other Indian regions and
extend the capacity of the hardware system to 16 million subscribers.
The final stage of the project will see a further expansion of the
system’s capacity to 26 million subscribers in 2011.
Pavel Pavlovsky, Head of SITRONICS Telecommunication Solutions
Business Division, commented: “The launch of this billing platform in
the Mumbai region is an important event for our relationship with
MTS-India. I am confident that this advanced platform will help
MTS-India both to strengthen its presence in Mumbai and to actively
develop its business in other regions across India. Our FORIS solution
is currently used to bill over 100 million customers by the world’s
leading telecommunication companies”.
Rajeev Batra, Chief Information Officer of Sistema Shyam TeleServices
Limited (SSTL) commented: “We are happy to be partnering with Sitronics
on the development of an integrated billing solution using advanced
technology based on FORIS OSS. We are committed to offering our
subscribers the best technology with unparalleled world-class mobile
high-speed data and voice services through extremely competitive tariff
plans. We are delighted to begin the implementation of the project in
Mumbai, the financial capital of India.”
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For further information, please visit www.sitronics.com
or contact:
SITRONICS is a leading provider of telecommunication solutions,
including software, equipment and systems integration, IT solutions and
microelectronic solutions in Russia and the Commonwealth of Independent
States with a strong presence in Central and Eastern Europe and a
growing presence in the Middle East and Africa.
SITRONICS serves over 3,500 clients, maintains offices in 32 countries
and exports its products and services to more than 60 countries.
SITRONICS’ key Telecommunication Solutions operations are based in
Prague, Czech Republic and Athens, Greece, while the company’s IT
Solutions and Microelectronics divisions are based in Kiev, Ukraine and
Zelenograd, Russia respectively.
SITRONICS generated revenues of US$ 625.4 million for the nine months
ended September 30, 2009 and had total assets of US$ 1,736.9 million
at the end of the period. SITRONICS is majority owned by Sistema, the
largest public diversified corporation in Russia and the CIS, which
manages fast growing companies operating in the consumer services sector.
Some of the information in this press release may contain projections
or other forward-looking statements regarding future events or the
future financial performance of SITRONICS. You can identify
forward-looking statements by terms such as "expect," "believe,"
"anticipate," "estimate," "intend," "will," "could," "may" or "might"
the negative of such terms or other expressions. These statements are
only predictions and actual events or results may differ materially. We
do not intend to or undertake any obligation to update these statements
to reflect events and circumstances occurring after the date hereof or
to reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained in
our projections or forward-looking statements, including, among others,
general economic conditions, our competitive environment, risks
associated with operating in Russia, rapid technological and market
change in our industries, and other factors specifically related to
SITRONICS and its operations.
