Feb. 14, 2006

Comverse, a unit of Comverse Technology, Inc. announced that Colombia Telecomunicaciones S.A. ESP (Telecom), the largest wireline telecommunication service provider in the country, serving over 2.5 million subscribers, has selected Comverse's Kenan(R) FX billing and mediation solution. The solution will replace its legacy systems, allowing Colombia Telecomunicaciones to optimize its billing function by consolidating disparate systems and increasing the flexibility required to support a major business transformation effort that includes upgrading to IP-based networks.

Telecom offers services including local, long distance and Internet/Data to its subscribers. The selection of Comverse's Kenan FX integrated solution will enable Telecom to achieve a unified customer view, supporting the development of targeted customized promotions catering to each subscriber's unique service needs. The new system is designed to accelerate time to market of new service offerings with enhanced flexible billing capabilities.

The scalable and convergent Kenan FX solution is ready to support technology advancements, such as VoIP, broadband and next-generation mobile services, supporting the acquisition of new subscribers and the retention of valuable existing customers.

"The deployment of Kenan FX, as our integrated billing and mediation platform, enables the transformation of our billing function and differentiates our services from competitors. We selected Comverse based upon their proven billing technology and technical expertise handling large implementation projects around the world," said Juan Jose Uribe, Vice President of Special Projects and Technology, Telecom. "This project will allow Colombia Telecomunicaciones to accelerate customer satisfaction and retention through improved billing processes."

"The adoption of our billing and mediation solution by Telecom further validates Comverse as a leading provider of billing and mediation solutions in the Caribbean and Latin American regions," said Ramesh Barasia, President of Comverse Americas. "Comverse is excited and committed to partnering with Colombia Telecomunicaciones to enable improved subscriber services, which will have significant implications for the advancement of telecommunications in the country."