Illuminet, Sprint Finalize Improved Billing & Collections Services
Agreement; New Arrangement Includes Higher Per-Message Compensation,
Signing and Participation Bonuses
OLYMPIA, Wash., Dec 27, 1999 (BUSINESS WIRE) -- Illuminet Holdings,
Inc. (Nasdaq:ILUM), the largest unaffiliated provider of SS7 network
services in the United States, announced today that it has a finalized
a new Billing and Collections Services Agreement with Sprint.
Illuminet's B&C package features approximately 40% higher per-message
compensation for telecommunications providers. The new agreement also
offers a signing bonus and participation bonuses for Illuminet B&C
customers who begin, renew or resume billing for Sprint.
"This new agreement with Sprint can be a real shot in the arm for our
B&C customers," said Cyril N. Matthews, Senior Marketing Manager for
Illuminet. "It rewards our current customers just for renewing their
contracts, and it should be a great incentive for other LECs (Local
Exchange Carriers) to sign up for our clearinghouse services."
Illuminet also has clearinghouse agreements for other major carriers,
including AT&T, MCI, EXCEL, regional 1+ carriers, and Operator Service
Providers (OSPs). Illuminet also provides payphone clearinghouse
services, including a Commission Program and Revenue Assurance Service.
ILECs, CLECs, and other telecom providers interested in Illuminet's
Sprint B&C services should call Illuminet's information center at
1-888-655-4636.
ABOUT THE COMPANY
Founded in 1981, Illuminet operates the largest unaffiliated
Signaling System 7 (SS7) network in the United States and is a leading
provider of complementary advanced signaling technology and
applications to telecommunications carriers. Connection to the
Illuminet network gives carriers access to the system of signaling
networks of nearly the entire U.S. public-switched telecommunications
infrastructure through a single source. Illuminet specializes in
signaling network services and intelligent network solutions for a
variety of services such as caller identification, calling card
validation, wireless fraud management, number portability, network
usage measurement, and other specialized database access functions.
Editors Note: ILLUMINET is a registered service mark of ILLUMINET,
Inc., in the United States and Canada. Other product and brand names
are trademarks of their respective owners. This release contains
information that is forward-looking. "Forward-looking" statements, as
defined in the Private Securities Litigation reform Act of 1995
("Act"), are based on current expectations, estimates and projections.
Such statements are made pursuant to the safe harbor provisions of the
Act. Statements that are not historical facts, including statements
about ILLUMINET's beliefs and expectations are forward-looking
statements. These statements contain potential risks and uncertainties.
There are certain important factors that could cause actual results to
differ materially from those anticipated by the forward-looking
statements. ILLUMINET undertakes no obligation to update publicly any
forward-looking statements whether as a result of new information,
future events or otherwise.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: ILLUMINET
Penny Thomas, 360/493-6724
media_relations@illuminet.com
WEB PAGE: businesswire.com |
