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Telefnica and Amdocs Agree to Extend and Expand Multi-Year Strategic Partnership in Argentina and Chile to Accelerate their Digital Transformation
Globe Newswire 16-May-2019 6:00 AM
MADRID, Spain and ST. LOUIS, May 16, 2019 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, and Telefónica, one of the largest telecommunications companies in the world, today announced a multi-year extension and expansion of their strategic partnership. The partnership will help advance the operator's digital transformation initiatives in Argentina and Chile with an expanded portfolio of support services designed to accelerate Telefonica's digitalization and modernization journey.
Telefonica went to market with a fully modernized multi-play platform in Argentina supporting over 25 million customers of mobile, pre- and post-paid, broadband, fixed line, TV and OTT services. In addition, Telefonica Chile plans to provide on top of the 9 million mobile customers, who have already migrated over to the new Amdocs-based digital platform, with OTT and wireline services (FTTx/DTH/FWT/LTE) for their B2C and B2B customers base during 2020.
"We are pleased to extend our strategic partnership with Amdocs as Telefónica focuses on its ultimate goal of providing excellence in customer satisfaction with a highly secure and unified customer experience," said Enrique Blanco, global CTIO of Telefónica. "This partnership supports our digital transformation and our focus on automating operations while allowing us to advance in the development of new capabilities by leveraging the use of APIs to speed delivery of innovative and relevant new offerings to our customers."
"Amdocs is supporting Telefónica's strategy of providing excellent connectivity to its customers everywhere by accelerating the company's digital transformation and providing its customers with a seamless multi-play experience," said Gary Miles, chief marketing officer, Amdocs. "We are proud to expand our partnership with this leading global player."
About Telefonica Telefónica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.
The company has a significant presence in 16 countries and over 356 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.
Telefónica is a 100% listed company and its shares are traded on the Spanish Stock Market and on those in London, New York, Lima, and Buenos Aires.
About Amdocs Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry's dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion in fiscal 2018. For more information, visit Amdocs at www.amdocs.com.
Amdocs' Forward-Looking Statement This 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, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, 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 the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2018 filed on December 10, 2018 and our quarterly 6-K form furnished on February 19, 2019.
