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African Telcos Losing $25.7 billion According to Global Survey - Global survey reveals the need for revenue-assurance and fraud management tools in the African telecoms market
African Telcos Losing $25.7 billion According to Global Survey

 

PRZOOM - /newswire/ - London, United Kingdom, 2006/10/19 - Global survey reveals the need for revenue-assurance and fraud management tools in the African telecoms market.

   
 
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Subex Azure Ltd, the world's largest vendor of revenue maximization solutions for telecom operators, has revealed that African telecom operators are estimated to be losing over a quarter of revenues due to revenue leakage, which is double the global average (12.1 per cent).

The ‘Operator Attitudes to Revenue Assurance 2006’ report conducted by Subex Azure and telecoms analysts Analysys, reveals that the estimated loss across the sample of African operators was 26.8 per cent which is the equivalent to $25.7bn.

The main causes of revenue leakage in African operators were identified as internal and external fraud, optimized call routing errors, rating/prepaid charging errors, interconnect/partner payment errors, incomplete/incorrect usage data, and credit management.

Subash Menon, Founder Chairman, Managing Director & CEO, Subex Azure Ltd said: “The African telecommunications market is still in its infancy and deregulation is meaning there is an abundance of new operators and services. Operators need to start putting effective revenue-assurance and fraud-management measures in place in order to protect their revenues and to halt the high levels of loss that they are currently experiencing.”

This month, Subex Azure announced it has won a contract to provide fraud management for Safaricom, the Kenyan mobile services provider, and also that it has successfully deployed its fraud management and revenue-assurance systems to MTC Namibia, the leading mobile services provider in Namibia. Subex Azure now has 15 customers in Africa, and is confident of further increasing the company’s footprint in the African market in the near future.

Subex Azure is exhibiting at GSM > 3G Africa and can be found at booth J8c. Copies of the ‘Operator Attitudes to Revenue Assurance 2006’ research will be available at the stand. For further information regarding Subex Azure’s participation at the GSM > 3G Africa, please e-mail.

About Subex Azure Limited
Subex Azure Limited is the world's largest vendor of Revenue Maximization solutions for telecom operators. Subex Azure pioneered the strategic concept of a Revenue Operations Centre (ROC) - a centralized and integrated operational infrastructure to monitor, control and assure the integrity of the revenue chain. Subex Azure’s RevMax™ is an integrated suite of best-in-class software solutions that power the ROC.

Subex Azure is the world’s No. 1 vendor for Fraud Management and Revenue Assurance solutions and the 2nd largest vendor for Interconnect and Inter-Party Billing solutions. Subex Azure counts amongst its customers, 23 of the world’s largest 40 telcos and has a customer base of over 150 customer installations in more than 60 countries.

Subex Azure has offices in London, Denver CO, Bangalore and Beijing.

Forward Looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, fluctuations in earnings, our ability to successfully integrate acquisitions, competition in our areas of business, client concentration, liability for damages in our contracts, withdrawal of tax incentives, political instability, unauthorized use of our intellectual property and general economic conditions affecting our industry.

Further information:
In Europe or Asia please contact Alex Crawshaw at Catalysis Communications
E: alex.crawshaw[.]catalysis.co.uk.

In the U.S. please contact Guy Murrel at Catapult PR-IR
T: +1 303-581-7760 - E: gmurrel[.]catapultpr-ir.com.

In India please contact Tonmoy Phukan at Genesis PR
T: +91 98864 01806 - E: tphukan[.]genesispr.com.

 
 
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Agency / Source: Catalysis Communications

 
 

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African Telcos Losing $25.7 billion According to Global Survey

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Contact: Alex Crawshaw - Catalysis.co.uk 
+44(0)20 7101 7333 events[.]subexazure.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Catalysis Communications securities in any jurisdiction including any other companies listed or named in this release.

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