Moscow, New York and St. Louis, MO (July 11, 2001) - Open Joint Stock Company "Vimpel-Communications" ("VimpelCom") (NYSE: VIP), a leading provider of telecommunications services in Russia, and Amdocs (NYSE: DOX), the world's leading provider of CRM, billing and order management solutions to the communications and IP industry, announced today that VimpelCom will implement Amdocs Ensemble for end-to-end billing and Customer Relationship Management (CRM) for VimpelCom's cellular networks and GPRS.
"Following an extensive evaluation of multiple vendors, we chose Amdocs for its proven industry knowledge and strong track record with large operator implementations," said Jo Lunder, Chief Executive Officer of VimpelCom.
"Amdocs is pleased to have been chosen by one of Russia's largest mobile providers," said Simon Cassif, President of Amdocs Europe. "Our extensive experience in working with global operators enables us to deliver a solution specifically tailored to VimpelCom's market requirements. Amdocs delivers the required scalability to support VimpelCom's rapid market growth. There is enormous opportunity in Russia for future developments, and we see the VimpelCom implementation as the forerunner to Amdocs' expansion within this growing market."
With GPRS, VimpelCom customers will have always-on mobile access to multiple services via handheld devices, including online stock quotes and currency rates, entertainment and mobile games, traffic updates and access to personal banking, stock trading and e-shopping. Using notebooks and GPRS handsets, VimpelCom's customers will also have access to the Internet at a speed of approximately 40 kb/s.
Amdocs Ensemble will provide VimpelCom with a comprehensive, highly scalable solution for its billing, ordering and payment process, enabling VimpelCom to provide its customers with the ability to view their account details and make bill payments via handheld devices. In addition, Amdocs CRM will allow VimpelCom to improve overall customer service and create operational efficiencies with the Amdocs CRM Navigator application. Amdocs will also provide VimpelCom with complete integration services.
"As a tier one mobile telecommunications provider, VimpelCom required an industry leading solution to seamlessly support our growing customer base and manage our business requirements," said Jere Calmes, VimpelCom's Vice President of Customers Operations. "We are focused on wireless data and SMS services and providing our customers with faster access to the most innovative next generation services available."
VimpelCom is a leading provider of telecommunications services in Russia, operating under the "Bee Line" family of brand names, which are among the most recognized brand names in Russia. The VimpelCom Group's license portfolio covers approximately 70% of Russia's population (100 million people), including the City of Moscow and the Moscow Region. As of May 30, 2001, VimpelCom served more than 1.1 million subscribers. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP". VimpelCom's convertible notes are listed on the NYSE under the symbol "VIP 05".
Amdocs is the world's leading provider of CRM, billing and order management solutions to the communications and IP industry. Amdocs has an unparalleled success record in project delivery of its mission-critical products. With human resources of more than 8,150 information systems professionals, Amdocs supports a global customer base. For more information, visit our Web site at www.amdocs.com
This press release contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. The forward-looking statements relate to the Company's development and are based on management's best assessment of the Company's strategic and financial position and of future market conditions and trends. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of unforeseen developments from competition, governmental regulations of the wireless telecommunications industry, general political uncertainties in Russia and general economic developments in Russia and other factors. As a result of such risks and uncertainties, there can be no assurance that the effects of competition or current or future changes in the political, economic and social environment or current or future regulation of the Russian telecommunications industry will not have a material adverse effect on the VimpelCom Group. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risks described in VimpelCom's Annual Report on Form 20-F for the year ended December 31, 2000 and other public filings made by the Company with the United States Securities and Exchange Commission, which risk factors are incorporated herein by reference. VimpelCom disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.
For more information, please contact:
Edelman Financial Worldwide
1(212) 704 8284
Porter Novelli for Amdocs
Tel: (212) 601-8470
Fax: (212) 601-8101