TTI Telecom Signs Significant Contract With Startec Global Communications
- Startec furthers TTI Telecom's penetration into the telecommunications industry -
PETACH TIKVA, Israel--(BUSINESS WIRE)--May 4, 1999-- TTI Telecom Ltd. (NASDAQ/NM Symbol: TTILF - news), a leading provider of integrated, turnkey software solutions for telecom service providers, today announced that it has signed a significant contract with Startec Global Communications Corporation (Nasdaq: STGC - news; ''Startec''), an international telecommunications carrier providing services to ethnic communities in major urban centers in North America and Western Europe. TTI Telecom will provide a full Netrac-based network management solution, including fault management, an SS7 surveillance system, configuration management, CDR-based applications, and performance monitoring. TTI Telecom will install the network management solution over the next several quarters.
Under the agreement, TTI Telecom will supply Startec with an open platform for monitoring their traffic, collecting data and tracking network usage in real-time, while increasing its flexibility and responsiveness for customers. TTI Telecom's turnkey solution gives Startec the capability to manage the hardware of different equipment providers used in its network and to monitor its planned worldwide ATM network. Asynchronous Transfer Mode (ATM) is emerging as the primary networking technology for next-generation, multi-media communications with protocols designed to handle video and telephony (audio), in addition to more conventional data communications.
''Our network consists of many different hardware and software vendors,'' said Mr. Ram Mukunda, President and Chief Executive Officer of Startec. ''TTI Telecom's solution offers us the capability to manage these disparate equipment providers within our network while also maximizing our network resources. As we build the first Internet-enabled network into the emerging economies, we will continue to take advantage of leading-edge technologies to enable us to offer a full suite of communications services, including voice, data, Internet access and multimedia. TTI Telecom provides us with a fully integrated Network Management System that allows us to manage voice, data and IP networks through a universal platform.''
Meir Lipshes, Chief Executive Officer of TTI Telecom, said, ''The contract with Startec adds to our growing list of significant dollar value contracts with major telecommunications service providers. It is indicative of TTI Telecom's commitment to provide turnkey network management solutions for networks consisting of a multitude of equipment providers supporting many communications services including voice, data & Internet access. These are the demands of today's telecommunications industry and TTI Telecom has the capability and flexibility to meet these demands.''
About TTI Telecom
TTI Telecom International Ltd. develops, markets and supports advanced, modular, integrated software products and services for operations support systems (''OSS'') and network management systems (''NMS'') in the telecommunications industry. The Company's solutions, based on its Netrac family of products, enable telecommunications service providers to improve the quality of existing services, streamline their operations in order to compete cost-effectively, maximize the return on their investment in network infrastructure and offer new services over complex networks. The Company's products manage mission-critical functions, such as fault management, performance management, configuration management and security management. Its growing family of Netrac NMS/OSS application tools are used by telecommunications companies worldwide and include leading service providers such as Sweden's Tele2 AB, RSL-Com in the UK, Germany's VIAG Interkom, SaskTel in Canada, Embratel in Brazil and HK Telecom in Hong Kong.
About Startec Global Communications:
Startec Global Communications is a dual-sided facilities-based long distance carrier that markets its services to select ethnic U.S., Canadian, and European residential communities. The Company provides its services through a flexible network of owned and leased transmission facilities, resale arrangements and a variety of operating agreements and termination arrangements, allowing the Company to terminate traffic worldwide. For more information visit our website at www.startec.com
Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings. |
