SLT Adopts Next-Generation, End-to-End Revenue Management
WALTHAM, Mass.--(BUSINESS WIRE)-- NetCracker Technology announced today that Sri Lanka Telecom (SLT) has chosen to upgrade its existing NetCracker billing and mediation environment to NetCracker’s next-generation billing, rating and active mediation solutions.
Sri Lanka Telecom is Sri Lanka’s national ICT solutions provider and leading broadband and backbone infrastructure service provider. SLT delivers quad-play services to consumers; 4G LTE; FTTx; Wi-Fi hotspots; carrier grade Wi-Fi technology; advanced IP-networking and applications to small, medium and large business customers; and wholesale network and traffic transit services to global telecom operators and enterprises.
“NetCracker is a longstanding partner for Sri Lanka Telecom and provides us with the solutions we need to bring our revenue management infrastructure to the forefront of the digital business revolution, which will invariably help us to play a leadership role in realizing the country’s vision of a SMART Sri Lanka,” said Lalith de Silva, Group Chief Executive Officer at Sri Lanka Telecom. “NetCracker’s unparalleled delivery record and strong solution suite makes it the logical choice to transform our billing, rating and mediation capabilities across our consumer, enterprise and global wholesale lines of business. This will ultimately lead to a superior delivery of our services resulting in an enhanced customer experience.”
In this transformation project, NetCracker will upgrade Sri Lanka Telecom to the next-generation rating, charging, billing and mediation components of its leading-edge Digital Business Platform. SLT’s existing solutions are pre-acquisition versions of NetCracker’s billing and mediation solutions. This upgrade extends SLT’s partnership with NetCracker and brings it the latest in end-to-end revenue management functionality.
NetCracker will also consolidate SLT’s two existing NetCracker mediation systems onto its innovative Active Mediation platform. This will enable SLT to introduce a range of new pricing, rating and billing configurations that address emerging digital business models; the growing demand for transactional digital services; and the need for personalized customer experience.
This new solution will be integrated with a number of SLT’s existing BSS systems to create seamless, end-to-end revenue management processes and strengthen SLT’s go-to-market capabilities for new services and bundles as well custom enterprise and wholesale agreements.
“The shift toward an end-to-end, next-generation architecture is a sign of an emerging trend that NetCracker is not only witnessing but is enabling for our innovative customers around the world,” said Ganesh Balasubramanian, Vice President APAC and Middle East at NetCracker. “We are excited to help Sri Lanka Telecom embrace this movement and monetize its digital business by using leading-edge revenue and transaction management solutions.”
About NetCracker Technology
NetCracker Technology, a subsidiary of NEC Corporation, is the proven partner for communications service providers and cable operators offering comprehensive, end-to-end solutions and delivery capabilities to optimize their enterprise. With its global reach, leading-edge technology, and unbroken track record of successful implementations, NetCracker helps eliminate operational and business silos and delivers real-time experience in an on-demand world. For more information, please visit www.NetCracker.com.
NetCracker is a registered trademark of NetCracker Technology Corp. All other company or product names mentioned in this press release may be trademarks or registered trademarks of the respective companies with which they are associated.
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at www.nec.com.
NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. © 2014 NEC Corporation.
About Sri Lanka Telecom
Sri Lanka Telecom Limited (SLTL) is one of Sri Lanka’s most valuable blue chip companies with an annual turnover in excess of Rs.56 billion. Sri Lanka Telecom is the nation’s number one integrated communications service provider and the leading broadband and backbone infrastructure services provider in the country. Listed on the Colombo Stock Exchange, the Company’s market capitalisation as at 31 December 2012 topped Rs.80 billion.
The two main shareholders of Sri Lanka Telecom as at year end were the Government of Sri Lanka which held 49.5% through the Secretary to the Treasury and Global Telecommunication Holdings N.V. of Netherlands, which owned a 44.98% stake. The balance shares are publicly traded.
SLT provides facilities and services in the areas of voice, data, video and mobile to its customers. These services, which are unmatched in scope, range from domestic and international voice, advance data transmission services which include internet services on leased lines, broadband data circuits, to IP services such as IPVPN based on IP-MPLS technology, total corporate solutions, satellite uplink services, IP transit, IPVPN, IPLC and international voice traffic transit services to global telecom operators and corporates, NGN services, wholesale services and mobile telephony, mobile broadband and mobile enterprise solutions through its fully owned subsidiary Mobitel.
Source: NetCracker Technology