AT&T Selects Amdocs to Power 5G Monetization
November 10 2020 - 4:05PM
Amdocs (NASDAQ: DOX), a leading provider of software and services
to communications and media companies, today announced that
AT&T* (NYSE: T) has selected its Openet 5G solution to monetize
the next wave of network and business model innovation around
cloud, edge computing and IoT while also increasing operational
agility and service differentiation.
The Amdocs Openet solution supports AT&T’s strategy to take
full advantage of its 5G network by quickly launching new services
to market such as gaming, mobile AR/VR, vehicle-to-vehicle (V2V)
communications, remote health and more. AT&T’s selection of
Amdocs’ 5G cloud-native monetization solution, which is certified
to run on AWS and Microsoft Azure, is the latest example of how the
two companies are working together through a strategic alliance to
bring innovation to the future of 5G consumer and business
experiences.
“AT&T’s 5G network reached nationwide coverage earlier this
year and we continue to be excited about creating new ways it will
help make life easier, more efficient and more enjoyable for our
customers,” said Eric Boyer, EVP, AT&T Consumer Technology
Platforms. “As we looked to future-proof our network with an open,
standards-based approach to new services and business models, we
selected Amdocs for its 5G expertise and deep set of network, IT,
cloud and DevOps capabilities to help us provide these new services
at a global scale.”
“AT&T has always stood out for its rich history of
innovation and driving revolutionary new capabilities for its
customers,” said Anthony Goonetilleke, Group President of Media,
Network and Technology at Amdocs. “We are delighted that AT&T
will be leveraging our unique 5G monetization capabilities -
including those from our recent acquisition of Openet, a
world-leading provider of 5G network software – to accelerate its
journey to the cloud and bring new 5G experiences to life for its
customers. 5G is much more than just a faster network for services;
it is also a pivotal moment for service providers to enable new
business models for IoT and enterprise customers utilizing the rich
capabilities of 5G. We look forward to helping accelerate this
exciting 5G journey.”
Supporting Resources
- Learn more about Openet’s 5G products and Amdocs 5G
Monetization
- Keep up with Amdocs news by visiting the company’s website
- Subscribe to Amdocs’ RSS Feed and follow us on Twitter,
Facebook, LinkedIn and YouTube
About AmdocsAmdocs’ purpose is to enrich lives
and progress society, using creativity and technology to build a
better connected world. Amdocs and its 26,000 employees partner
with the leading players in the communications and media industry,
enabling next-generation experiences in 85 countries. Our
cloud-native, open and dynamic portfolio of digital solutions,
platforms and services brings greater choice, faster time to market
and flexibility, to better meet the evolving needs of our customers
as they drive growth, transform and take their business to the
cloud. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $4.2 billion in fiscal 2020. For more information, visit
Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking StatementThis press
release includes information that constitutes forward-looking
statements made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995, including
statements about Amdocs’ growth and business results in future
quarters. Although we believe the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
we can give no assurance that our expectations will be obtained or
that any deviations will not be material. Such statements involve
risks and uncertainties that may cause future results to differ
from those anticipated. These risks include, but are not limited
to, the effects of general economic conditions, the duration and
severity of the COVID-19 pandemic, and its impact on the global
economy, Amdocs’ ability to grow in the business markets that it
serves, Amdocs’ ability to successfully integrate acquired
businesses including Openet, adverse effects of market competition,
rapid technological shifts that may render the Company's products
and services obsolete, potential loss of a major customer, our
ability to develop long-term relationships with our customers, and
risks associated with operating businesses in the international
market. Amdocs may elect to update these forward-looking statements
at some point in the future; however, the Company specifically
disclaims any obligation to do so. These and other risks are
discussed at greater length in Amdocs’ filings with the Securities
and Exchange Commission, including in our Annual Report on Form
20-F for the fiscal year ended September 30, 2019 filed on December
16, 2019 and our Form 6-K furnished for the first quarter of fiscal
2020 on February 18, 2020, the second quarter of fiscal 2020 on May
18, 2020 and the third quarter of fiscal 2020 on Aug. 17, 2020.
*About AT&T Communications
We help family, friends and neighbors connect in meaningful ways
every day. From the first phone call 140+ years ago to mobile video
streaming, we innovate to improve lives. We have the nation’s
fastest wireless network.** And according to America’s biggest
test, we have the nation’s best wireless network.*** We’re building
FirstNet just for first responders and creating next-generation
mobile 5G. With a range of TV and video products, we deliver
entertainment people love to talk about. Our smart, highly secure
solutions serve nearly 3 million global businesses – nearly all of
the Fortune 1000. And worldwide, our spirit of service drives
employees to give back to their communities.
AT&T Communications is part of AT&T Inc. (NYSE:T). Learn
more at att.com/CommunicationsNews.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information about
AT&T products and services is available at about.att.com.
Follow our news on Twitter at @ATT, on Facebook at facebook.com/att
and on YouTube at youtube.com/att.
© 2020 AT&T Intellectual Property. All rights reserved.
AT&T, the Globe logo and other marks are trademarks and service
marks of AT&T Intellectual Property and/or AT&T affiliated
companies. All other marks contained herein are the property of
their respective owners.
**Based on analysis by Ookla® of Speedtest Intelligence® data
average download speeds for Q3 2019. Ookla trademarks used under
license and reprinted with permission. ***GWS OneScore, September
2019.
Media Contacts:
Linda HoriuchiAmdocs Public RelationsTel: +1
(646) 581-2568E-mail: linda.horiuchi@amdocs.com
Emily HoltPAN Communications for AmdocsEmail:
Amdocs@pancomm.com
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