STOCK TITAN

Three UK Expands Strategic Collaboration with Amdocs to Provide Consumers with Next-Generation Digital Experiences and 5G Services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Amdocs (NASDAQ: DOX) has entered a multi-year agreement with Three UK to enhance its consumer services through a cloud-based omnichannel digital business system. This collaboration aims to improve agility, accelerate time-to-market for new services, such as eSIM-enabled devices, and optimize customer experience. Three UK, utilizing the fastest 5G network in the UK, seeks to exceed customer expectations and deliver competitive offerings with Amdocs' support. The partnership signifies a strategic move towards digital transformation in the telecommunications sector.

Positive
  • Expansion of collaboration between Amdocs and Three UK into consumer services.
  • Implementation of a cloud-based omnichannel digital business system.
  • Increased agility and faster time-to-market for new services.
Negative
  • None.

Amdocs will modernize Three UK’s capabilities to increase agility, enable faster time to market of new services and deliver an enhanced customer experience for individual end users

ST. LOUIS, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that it has entered into a multi-year agreement with Three UK, a subsidiary of CK Hutchison Holdings, that expands the two companies’ collaboration in the business-to-business (B2B) domain to the consumer sector.

Under a managed services engagement and leveraging the business processes and functionality of its digital transformation at Three Ireland and B2B project at Three UK with a new, cloud-based omnichannel digital business system, Amdocs will empower Three UK to drive business growth, increase time-to-market agility, launch eSIM-enabled devices, and introduce operational efficiencies for existing and emerging services, including 5G, for its individual subscribers.

“Three UK’s customers are already using the UK’s fastest 5G network and we need an IT system that allows our business to exceed the expectations of our customers,” said David Hennessy, CTO of Three UK and Three Ireland. “Working with Amdocs, our staff and customers will benefit from an end-to-end omnichannel digital business system that will enable us to offer competitive, disruptive offers to deliver the experience our customers want and need.”

“As the pace of modernization accelerates, Three UK understands the importance of consolidating systems to deliver a fully optimized customer experience,” said Anthony Goonetilleke, group president of Media, Network and Technology at Amdocs. “We are delighted to expand our partnership with Three UK as they seek to maximize the customer experience.”

Supporting Resources

About Amdocs

Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 27,000 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 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 Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2020 filed on December 14, 2020 and our Form 6-K furnished for the first quarter of fiscal 2021 on February 16, 2021 and for the second quarter of fiscal 2021 on May 24, 2021.

Media Contacts:

Jeff Barak
Amdocs Public Relations
Tel: +972 (0)645 3637
E-mail: Jeff.Barak@amdocs.com

Katie Finn
Babel PR for Amdocs
Tel: +44 (0)20 71993970
E-mail: katie@babelpr.com


FAQ

What is the new agreement between Amdocs and Three UK?

Amdocs has signed a multi-year agreement with Three UK to enhance consumer services through a cloud-based omnichannel digital business system.

How will Amdocs' partnership with Three UK benefit customers?

The partnership will improve customer experience by enabling faster service delivery, including eSIM-enabled devices, leveraging the fastest 5G network in the UK.

What technology is Amdocs providing to Three UK?

Amdocs is implementing a cloud-based omnichannel digital business system to streamline operations and enhance service offerings.

What is the expected impact of the partnership on Amdocs' stock (DOX)?

The partnership may lead to increased business growth and customer satisfaction, positively influencing Amdocs' revenue and stock performance.

Amdocs Limited

NASDAQ:DOX

DOX Rankings

DOX Latest News

DOX Stock Data

9.99B
114.19M
98.44%
2.49%
Software - Infrastructure
Technology
Link
United States of America
Saint Louis