MTS Terminates MVNE Solution Provider Agreement with SBC Communications, LLC
RA'ANANA, Israel, January 22, 2014
RA'ANANA, Israel, January 22, 2014 /PRNewswire/ --
MTS - Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a
global provider of Mobile Virtual Network Enabler (MVNE) services and
Telecommunications Expense Management (TEM) solutions, today announced that it
has terminated its previously announced agreement with SBC Communications,
LLC, a U.S. based service provider of internet, cable TV, home phone and
The termination of the three year agreement, entered into in September 2013 to
provide MTS's cloud and managed services MVNE solution, resulted from SBC
Communications' failure to fulfill its obligations under the agreement.
Mer Telemanagement Solutions Ltd. (MTS) is a worldwide provider of innovative
products and services for Telecom Expense Management (TEM), Enterprise
Mobility Management (EMM), Mobile Virtual Network Operators and Enablers
(MVNO/MVNE) and Mobile Money services and solutions used by mobile service
The MTS TEM Suite solution enables enterprises to gain visibility and control
of strategic fixed and mobile telecom assets, services and IT security
policies that drive key business processes and crucial competitive advantage.
The MTS cloud, consulting and managed services solutions - including
integrated management of invoices, assets, wireless, optimization, usage,
mobile device management, procurement, help desk and bill payment, along with
dashboards and reporting tools - provide professionals at every level of the
organization with rapid access to concise, actionable data.
MTS's solutions for telecommunication service providers are used worldwide by
wireless and wireline service providers for interconnect billing, partner
revenue management and for charging and invoicing their customers. MTS
provides MVNE services to allow the quick launch of new MVNO initiatives in a
pay as you grow and revenue share models. In addition, MTS has pre-configured
solutions to support emerging carriers of focused solutions (e.g. IPTV, VoIP,
WiMAX, MVNO) to rapidly install a full-featured and scalable solution.
Headquartered in Israel, MTS markets its solutions through wholly owned
subsidiaries in the United States and Hong Kong and through distribution
channels. MTS shares are traded on the NASDAQ Capital Market (symbol MTSL).
For more information please visit the MTS website: http://www.mtsint.com.
Certain matters discussed in this news release are forward-looking statements
that involve a number of risks and uncertainties including, but not limited
to, risks in product development plans and schedules, rapid technological
change, changes and delays in product approval and introduction, customer
acceptance of new products, the impact of competitive products and pricing,
market acceptance, the lengthy sales cycle, proprietary rights of the Company
and its competitors, risk of operations in Israel, government regulations,
dependence on third parties to manufacture products, general economic
conditions and other risk factors detailed in the Company's filings with the
United States Securities and Exchange Commission.
Vice President, Marketing
SOURCE MTS - Mer Telemanagement Solutions Ltd.
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