Redknee signs multi million deal with APAC operator

Redknee has today announced that a leading tier 1 communications service provider (CSP) in APAC has signed a multi-year, multi-million dollar managed services contract for Redknee's cloud-based wholesale and settlement solution.

Redknee's comprehensive billing and settlement solution will support the CSP's Mobile Virtual Network Operator (MVNO) monetization and growth strategy. The renewal of the services contract with this existing customer reaffirms Redknee's expertise in supporting tier 1 operators to launch sub-brands, MVNO/Es to accelerate their growth strategies and build a profitable wholesale business, and new entrants to launch into the mobile sector.

By leveraging Redknee's cloud-based wholesale and interconnect solution, the service provider is able to respond to the changing requirements of its MVNO customers to pinpoint service usage, provide rating options for on and off-network traffic, and manage wholesale billing requirements.

Redknee's solution is providing the service provider with the flexibility to meet the differing specifications of its customers and the scalability to add new MVNOs with ease.

Redknee's fully managed solution enables CSPs to achieve rapid time-to-market, while eliminating the complexity and resources required if managed in-house. Redknee's cloud service provides a cost-effective model for operators, delivering a turnkey wholesale billing solution that is reliable and scalable to meet the demands of future growth.

Lucas Skoczkowski, Redknee's CEO, said, "Redknee is pleased to be driving the success of one of the leading Tier 1 mobile operators in Asia Pacific. As the mobile virtual network market continues to expand, MVNEs and MVNOs require greater flexibility and agility to stay competitive. With Redknee's cloud-based and on-premise monetization solutions service providers are equipped to increase revenues, improve the customer experience and grow profitability."

Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee's interconnect and content settlement solution enables communication service providers (CSPs) to maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO and content settlement solution.

Through its cloud-based offering, Redknee manages all of the back-end billing activities quickly and cost effectively, simplifies and streamlines day-to-day operations, therefore allowing service providers to remain agile and to focus on its core business/marketing needs.

In addition, Redknee's comprehensive monitoring and reporting features are being leveraged by service providers across the globe for fraud detection, network auditing, best-cost routing and other network analysis and management purposes ensuring CSPs have a pinpoint understanding of the value of the network; can quickly resolve disputes; and obtain valuable marketing feedback. Its scalable architecture supports the rating and settlement of billions of events a day at Tier 1 service providers across the globe.