Contact Information: For more information please contact: Andrea Dray MIND CTI Ltd. Tel: 18882704056 Email Contact
MIND Expands Its SIP Billing Project at Megacable
Megacable, México's Largest Cable Operator, Rolls Out Telephony Services
| Source: MIND CTI Ltd.
YOQNEAM, ISRAEL -- (MARKET WIRE) -- December 18, 2006 -- MIND CTI Ltd. (NASDAQ : MNDO ), a leading
provider of convergent end-to-end billing and customer care product based
solutions for tier 2 and tier 3 carriers worldwide, today announced
expansion of its SIP based billing project at Megacable, the leading cable
operator in Mexico with over 1 million TV, data and voice subscribers.
Megafón, Megacable's new telephony services (as carrier of carrier
services), was implemented in 4 cities in Mexico at the first phase of the
project and following its success the service is being implemented at new
locations.
The agreement between MIND and Megacable entitles MIND to follow-on orders
based on new subscribers and Megafón's penetration into the Mexican market
brings MIND new license revenue.
"We are certain that the MIND SIP billing solution will support both our
growing operational needs, flexibility to interface with our existing BSS
and OSS platforms and our increasing product offering" said Mr. Sergio
Franco, CIO at Megacable.
"MIND is pleased that its platform is used as a key enabler for the new
Voice over Cable NextGen offerings of Mexico's largest cable operator"
commented Mr. Sagee Aran, VP at MIND CTI. "We are proud that our platform
enables Megacable to expand its offering and provide its customers with
reduced-cost voice services in addition to its cable and internet
offerings" added Sagee.
About MIND
MIND CTI Ltd. is a leading provider of convergent prepaid and postpaid
end-to-end billing and customer care solutions for VoIP, Mobile, Wireline
and Quad-play carriers worldwide. Since 1997 MIND has been a pioneer in
enabling the VoIP technology for emerging and incumbent service providers.
In August 2005 MIND acquired Sentori, Inc., a US based provider of customer
care and billing solutions to wireless carriers and mobile virtual network
operators (MVNOs). Sentori, Inc. brings over ten years of wireless
experience and seven years of a wireless operational solution to carriers.
A global company, MIND operates from offices in Europe, Israel and the
United States. MIND employs over 300 IT professionals and serves customers
in more than 40 countries around the world. For financial information,
reports and presentations, please visit the Investor Relations site:
http://www.mindcti.com/ir
About Megacable
Megacable is the largest cable operator in México. It offers a wide variety
of television signals over 48 major cities in the Republic of México,
including Guadalajara, Puebla, Torreón, Querétaro, Hermosillo, Veracruz,
Xalapa, Tuxtla Gutiérrez, Mazatlán, Culiacán, and Tepic, among others. It
was the first Latin American cable operator in offering Digital advance
services, as well as broadband internet.
Its main headquarters are located in the city of Guadalajara, where the
company operates a local cable station (Canal 6), and a via-satellite
channel (VideoRola).
Megacable has more than 800,000 TV subscribers, 300,000 Broadband Internet
subscribers, and recently has launched the Telephony service in the mayor
cities like Guadalajara and Puebla achieving an excellent market
acceptance.
Megacable has a modern infrastructure constructed with the most recent
technological advances, 98% of its 14,500 km. of network is bi-directional
allowing the company to offer advanced triple play services.
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995: All statements other than
historical facts included in the foregoing press release regarding the
Company's business strategy are "forward-looking statements." These
statements are based on management's beliefs and assumptions and on
information currently available to management. Forward-looking statements
are not guarantees of future performance, and actual results may materially
differ. The forward-looking statements involve risks, uncertainties, and
assumptions, including the risks discussed in the Company's filings with
the United States Securities Exchange Commission. The Company does not
undertake to update any forward-looking information.