Intec wins key deal with STC, the leading telecoms provider in Saudi Arabia
Deal provides future business opportunities as the region continuesderegulation of telecoms sector
Intec, a leading OSS product vendor for fixed, mobile and next-generation networks, today announced that it has signed a new deal with Saudi Telecom Corporation (STC), the largest telecommunications provider in Saudi Arabia. According to the terms of the multi-million dollar agreement, Intec will supply STC with InterconnecT, its market leading intercarrier billing system. InterconnecT helps operators to maximise revenues and reduce costs by producing statements and invoices for outgoing and incoming call costs to interconnect partners. The strategic project was won in full cooperation with Intec's partner Getronics Middle East, one of the world's leading providers of Information and Communication Technology (ICT) solutions and services.
"This is an extremely important customer win for Intec," said Kevin Adams,Intec's CEO. "As one of the leading telecoms companies in the region, STCserves as a role model for many operators in the Middle East, includingdomestic and international providers. We will work closely with the companyto ensure that InterconnecT is successfully implemented across STC'snetworks in time for the deregulation of the country's telecoms sector."
As Saudi Arabia deregulates its telecoms sector, STC will require newcapabilities to stay ahead of competition. Among them is a cost-effectivebilling solution that can manage different inter-operator settlementagreements. InterconnecT will provide this crucial business advantage byoffering STC a technology that can bill and settle all services from asingle platform, with full visibility of costs, revenues and margins acrossall lines of business.
"Competition for this contract was extremely tough as it pitted us againstsome of the biggest names in the telecommunications business, includingSTC's existing billing provider," explains Peter Deane, Intec's ManagingDirector for the EMEA region.
Dr. Cedric Dib, Intec's Regional Director in the Middle East, added: "Afterseveral strategic meetings, STC selected InterconnecT over its competitorson the basis of its reputation as a scalable and highly adaptable billingsolution. STC was also impressed with the ongoing development of newfeatures for the software, which will ensure that STC has the technology tosatisfy complex requirements that are specific to sophisticated interconnectbusiness models." Another key to commercial success will be the flexibility to support newrating and tariff schemes without stifling innovation as new services cometo market. The operator with the most adaptable billing solution will beable to lead the Saudi Arabian market in competitive product bundling andcharging methods. InterconnecT will enable STC to gain this capability,providing a billing system that can immediately support new rate changes andagreements - without compromising billing accuracy.
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