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Joint Proof of Concept (PoC) demonstrates 5G slice operations and monetization with Amdocs’ end-to-end service and network orchestration and 5G monetization solutions
JERSEY CITY, N.J., June 13, 2022 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced the completion of an end-to-end 5G network slicing proof of concept (PoC) with A1 Telekom Austria Group. The PoC demonstrates the ability of Amdocs’ end-to-end service and network orchestration offering to drive next-generation experiences and on-demand connectivity for consumers and enterprises through the deployment, management and monetization of 5G network slices.
Network slicing, which is enabled by 5G standalone (SA), allows communications service providers to address specific customer requirements through the creation of multiple high capacity, low-latency dedicated and shared services across the same physical and virtual network.
The project with the European operator highlights the benefits of Amdocs’ vendor-agnostic, multi-domain, flexible service and network orchestration solution and its ability to automate and simplify the provisioning and lifecycle management of 5G network slices. During the trial, Amdocs’ solution was used to demonstrate end-to-end lifecycle management of 5G network slices and virtualized applications over public/private cloud and edge, including design, build, instantiation, modification and termination, with automatic closed-loop capabilities.
Amdocs also showcased the monetization potential of next-generation 5G SA by creating new and innovative commercial models that are aligned with 3GPP standards, including a simulated customer-facing portal for ordering network slices. The conclusion of the PoC was that both design time and time to market were significantly reduced, from hours or days to just minutes.
“We are delighted with the results of this project, which underlines the exciting possibilities of 5G and Amdocs’ vital role in enabling the deployment and monetization of 5G network slices,” said Juergen Wolf-Hofer, Head of Network Evolution, A1 Telekom Austria Group. “The deliverable use cases that were demonstrated in relation to Amdocs’ end-to-end service and network orchestration solution are very exciting. We will take the learnings from the project and apply them as we look to introduce next-generation 5G services to our consumer and enterprise customers.”
“From drones to the metaverse, 5G network slicing creates a whole new world of programmable network use cases – unlocking new experiences for end-users and new revenue streams for telcos,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “This collaboration with A1 Telekom Austria Group highlights the scale of the innovation and monetization opportunity for operators who address this growing opportunity with a truly flexible service and network orchestration solution.”
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Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers’ innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 30,000 employees around the globe are here to accelerate service providers’ migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.3 billion in fiscal 2021. For more information, visit 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, 2021 filed on December 10, 2021, and our Form 6-K furnished for the first quarter of fiscal 2022 on February 14, 2022 and for the second quarter of fiscal 2022 on May 24, 2022.
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