| [February 04, 2008] |
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STA of Andorra Deploys Comverse IPTV Solution to Enhance Its Triple Play Offering
WAKEFIELD, Mass. --(Business Wire)-- Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that STA, the Andorran Telecommunications operator, has enhanced its triple play offering by deploying the Comverse IPTV solution.
"The deployment of IPTV services is part of a strategic move by STA to enrich our customer services and create long-term profitability," stated Jaume Salvat Font, CEO of STA. "We selected Comverse for their extensive expertise in IP technologies, in particular a deep understanding of IPTV and telecommunications from both the operator and subscriber perspective, and for excellence in integration of their applications with our existing system."
STA, currently the provider of fixed, mobile, data and value-added telecommunication services in the Principality of Andorra, is also a radio and television broadcaster, making the provision of IPTV services an ideal strategic move. Upon launch, STA's new triple play offering will include IPTV with MPEG 2 and MPEG 4 encoding, a Conditional Access System (CAS), and Digital Rights Management (DRM). These services will be delivered over STA's new fiber-to-the-home (FTTH) network.
"STA is a longstanding customer of our messaging services and was an early adopter of our voicemail," commented Benny Einhorn, President of Comverse EMEA. "It has been exciting to work with them again in the flourishing area of IPTV."
About STA
The Andorran Telecommunications Service (STA) is constituted as a public law entity, with its own legal personality and autonomous organization.
STA's principal role is the management and exploitation, exclusively in Andorran territory, of telecommunications services in general - fixed telephones, mobile telephones, data transmission, Internet and other auxiliary or supplementary telecommunication services - including matters referring to international communications.
The Andorran Telecommunications Service is also responsible for managing the technical infrastructures and national broadcasting networks for radio and television, both analogue and digital (TDT, which has replaced the analogue service).
The STA was formed as a public company in 1975. The STA is governed and administered by a Board of Directors with full responsibility to the Government of Andorra for the management, direction and representation of the service, and the management, administration and disposal of its assets and resources. Today the STA has 240 employees.
About Comverse
Comverse is the world's leading provider of software and systems enabling network-based messaging and content value-added services, converged billing and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total Communication(SM) portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight(TM) Open Services Environment. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.
All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).
This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include: the results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company's stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such investigation or as result of the company's VSOE evaluation; the company's inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the company's Common Stock from NASDAQ and the quotation of the company's Common Stock in the "Pink Sheets," including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to the company's ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company's ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits) and of governmental investigations or proceedings arising out of or related to the company's stock option practices or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; risks related to Verint Systems Inc's. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; aggressive competition may force the company to reduce prices; a failure to compensate any decrease in the sale of the company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; the risk of declines in information technology spending; risks associated with the company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. The company undertakes no commitment to update or revise forward-looking statements except as required by law.
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