PRESS & MEDIA

VERIZON WIRELESS SELECTS OPENET TELECOM TO PROVIDE NEXT GENERATION MEDIATION SOLUTION

June 19, 2003 - Openet

Dublin, Ireland and Reston VA, June 19th 2003, Openet Telecom, a world leader in real-time charging and convergent mediation, today announced that its award-winning FusionWorks Mediation solution will support Verizon Wireless's 1xRTT-based data services in one of the largest mediation deals of its kind. With over 50 million subscribers, Verizon Wireless is a leading provider of wireless communications in the United States. Operating the largest nationwide wireless voice and data network in North America, Verizon Wireless offers Voice and data services on their nationwide CDMA network.

FusionWorks Mediation will be used to support real-time content billing and flexible reporting of IP-based 1xRTT services branded under Verizon Wireless's Express Network.
 
"Openet Telecom has a proven track record in large-scale data mediation products, services, and support. We needed a solution that would secure our ability to deploy and charge for new wireless IP data services quickly and easily. Openet Telecom's FusionWorks Mediation solution fulfils these requirements," said Dave Hammond, Vice President of Inter-Area Networks for Verizon Wireless."
 
"I am delighted that our FusionWorks product has been chosen to support critical data mediation requirements for the Verizon Wireless Express Network. The FusionWorks platform presents a secure solution for Verizon Wireless's mediation needs going forward," explained John Rainger, CEO at Openet Telecom.

About Verizon Wireless
 
Wireless is the United States' leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 33.3 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD).
 
Find more information on the Web at www.verizonwireless.com.

About Openet
 
Openet is a leading worldwide provider of event processing and transaction management solutions. The Transactional Intelligence of the company's solutions extracts increased value from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services. Openet is focused on delivering best-in-class network edge solutions and specialized engagement processes that create business value from network activity. A global company, Openet's implementations include long-running engagements with the world's leading service providers such as British Telecom, Orange, AT&T and Verizon Wireless. For more information, visit www.openet.com.
 

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